Analysts Offer Insights on Consumer Goods Companies: Kellogg (NYSE: K) and Nike (NYSE: NKE)

By Ryan Adsit

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Kellogg (NYSE: K) and Nike (NYSE: NKE).

Kellogg (NYSE: K)

In a report released today, Michael Lavery from Piper Jaffray reiterated a Hold rating on Kellogg (NYSE: K), with a price target of $77. The company’s shares opened today at $68.10.

According to TipRanks.com, Lavery is a 1-star analyst with an average return of 0.0% and a 34.6% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as British American Tobacco, Mondelez International, and Reynolds American.

Currently, the analyst consensus on Kellogg is Moderate Buy and the average price target is $78, representing a 14.5% upside.

In a report issued on February 5, Susquehanna also assigned a Hold rating to the stock with a $69 price target.
Nike (NYSE: NKE)

Buckingham analyst Eric Tracy reiterated a Buy rating on Nike (NYSE: NKE) today and set a price target of $75. The company’s shares opened today at $68.39, close to its 52-week high of $68.83.

According to TipRanks.com, Tracy is a 4-star analyst with an average return of 5.9% and a 55.1% success rate. Tracy covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, G-III Apparel Group, and Gildan Activewear.

Currently, the analyst consensus on Nike is Moderate Buy and the average price target is $66.15, representing a -3.3% downside.

In a report issued on January 31, Citigroup also maintained a Buy rating on the stock with a $78 price target.

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