Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Campbell Soup (NYSE: CPB), Tesla Motors (NASDAQ: TSLA) and Monster Beverage Corp (NASDAQ: MNST)

By Austin Angelo

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Campbell Soup (NYSE: CPB), Tesla Motors (NASDAQ: TSLA) and Monster Beverage Corp (NASDAQ: MNST).

Campbell Soup (NYSE: CPB)

Credit Suisse analyst Robert Moskow reiterated a Sell rating on Campbell Soup (NYSE: CPB) on May 22 and set a price target of $53. The company’s shares closed yesterday at $58.12.

According to TipRanks.com, Moskow is a 4-star analyst with an average return of 4.1% and a 59.3% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Mondelez International, and Amplify Snack Brands.

Campbell Soup has an analyst consensus of Moderate Sell, with a price target consensus of $56.50.

Tesla Motors (NASDAQ: TSLA)

Oppenheimer analyst Colin Rusch reiterated a Hold rating on Tesla Motors (NASDAQ: TSLA) today. The company’s shares closed yesterday at $303.86, close to its 52-week high of $327.66.

Rusch observed:

“With Model 3 rollout nearing, we assess how it will impact the company’s Advanced Driver Assist System (ADAS) and ambitions around machine learning. We believe Model 3 is critical to TSLA’s ADAS position for two reasons. First, TSLA’s ability to accelerate learning cycles related to characterizing driving behavior is facilitated by high volume rollout of Model 3, but the ability to process that data and create driving applications appears nascent and the challenge is extensive. Second, we believe leveraging consumer balance sheets for its technology development is an underappreciated aspect of the business.”

According to TipRanks.com, Rusch is a 4-star analyst with an average return of 4.7% and a 45.3% success rate. Rusch covers the Technology sector, focusing on stocks such as Trimble Navigation Limited, SolarEdge Technologies, and Ultra Clean Holdings.

Currently, the analyst consensus on Tesla Motors is Hold and the average price target is $272.50, representing a -10.3% downside.

In a report issued on May 15, Morgan Stanley also downgraded the stock to Hold with a $306 price target.
Monster Beverage Corp (NASDAQ: MNST)

Credit Suisse analyst Laurent Grandet reiterated a Buy rating on Monster Beverage Corp (NASDAQ: MNST) yesterday and set a price target of $59. The company’s shares closed yesterday at $49.43.

According to TipRanks.com, Grandet is a 3-star analyst with an average return of 9.1% and a 84.2% success rate. Grandet covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, National Beverage, and Molson Coors.

Monster Beverage Corp has an analyst consensus of Strong Buy, with a price target consensus of $55.33.

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