Analysts’ Top Consumer Goods Picks: DPS, NKE

By Ryan Adsit

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Dr Pepper (NYSE: DPS) and Nike (NYSE: NKE) with bullish sentiments.

Dr Pepper (NYSE: DPS)

Credit Suisse analyst Laurent Grandet maintained a Buy rating on Dr Pepper (NYSE: DPS) on June 22 and set a price target of $107. The company’s shares closed yesterday at $92.91.

According to TipRanks.com, Grandet is a 4-star analyst with an average return of 10.9% and a 90.5% success rate. Grandet covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Monster Beverage Corp, and National Beverage.

Currently, the analyst consensus on Dr Pepper is Moderate Buy and the average price target is $103, representing a 10.9% upside.

In a report issued on June 7, BMO Capital also upgraded the stock to Buy with a $105 price target.
Nike (NYSE: NKE)

In a report released yesterday, Christian Buss from Credit Suisse maintained a Buy rating on Nike (NYSE: NKE), with a price target of $63. The company’s shares closed yesterday at $52.85.

According to TipRanks.com, Buss is a 3-star analyst with an average return of 2.9% and a 60.0% success rate. Buss covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Abercrombie Fitch, and Ralph Lauren Corp.

Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $59.10, representing an 11.8% upside.

In a report issued on June 15, Susquehanna also reiterated a Buy rating on the stock.

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