October 22, 2024

Analysts Are Bullish on Top Consumer Goods Stocks: Keurig Dr Pepper (KDP), Lamb Weston Holdings (LW)

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There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Keurig Dr Pepper (KDP – Research Report) and Lamb Weston Holdings (LW – Research Report) with bullish sentiments.

Keurig Dr Pepper (KDP)

RBC Capital analyst Nik Modi maintained a Buy rating on Keurig Dr Pepper today and set a price target of $41.00. The company’s shares closed last Monday at $36.93, close to its 52-week high of $38.28.

According to TipRanks.com, Modi is a 5-star analyst with an average return of 7.6% and a 60.5% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Edgewell Personal Care, and Constellation Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Keurig Dr Pepper with a $40.70 average price target, representing a 10.3% upside. In a report issued on October 7, UBS also maintained a Buy rating on the stock with a $43.00 price target.

See today’s best-performing stocks on TipRanks >>

Lamb Weston Holdings (LW)

Wells Fargo analyst Marc Torrente assigned a Buy rating to Lamb Weston Holdings yesterday and set a price target of $88.00. The company’s shares closed last Monday at $77.31.

According to TipRanks.com, Torrente is a 2-star analyst with an average return of 2.3% and a 45.0% success rate. Torrente covers the Consumer Goods sector, focusing on stocks such as MGP Ingredients, Post Holdings, and Freshpet.

Lamb Weston Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $80.14, implying a 2.6% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $87.00 price target.

Read More on KDP:

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