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Consumer Sector Overview: What Went Down Last Week

PART:
1 2 3 4 5 6
Part 6
Consumer Sector Overview: What Went Down Last Week PART 6 OF 6

Key Releases for Consumer Stocks this Week

Key dates this week

The following chart shows the key dates coming up in the consumer space this week.

 Key Releases for Consumer Stocks this Week

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Analysts’ rating changes last week

On September 20, Morgan Stanley cut its target price for Bed Bath & Beyond (BBBY) to $23 from $30 with an “underweight” rating. KeyBanc cut its target price to $21 from $27 with an “underweight” rating. Credit Suisse cut its price to $25 from $33. Telsey Advisory Group cut is target price to $21 from $32, and Wedbush reduced its price to $25 from $30. UBS cut its target price to $24 from $30. Jefferies cut the price to $25 from $34 with a “hold” rating. On September 21, Deutsche Bank cut the target price to $21 from $31 with a “hold” rating. J.P. Morgan also cut its target price to $24 from $32. Of the analysts surveyed, 4% analysts rated the stock a “buy” while 67% rated it a “hold” and 29% rated it a “sell.”

On September 20, Oppenheimer raised its target price for Estée Lauder Companies (EL) to $120 from $110. Of the analysts surveyed, 83% rated the stock a “buy” while 17% rated it a “hold.” None rated it a “sell.”

On September 21, Susquehanna reduced its target price for General Mills (GIS) to $56 from $58 with a “neutral” rating. Morgan Stanley reduced its target price to $52 from $55 with an “equal-weight” rating. Barclays cut its target price to $55 from $59 an “equal-weight” rating. RBC cut its price to $58 from $62 while BMO cut its price to $57 from $60. UBS cut its target price to $55 from $58. Of the analysts surveyed, 10% rated the stock a “buy” while 65% rated it a “hold” and 25% rated it a “sell.”

On September 22, Susquehanna cut its target price for Molson Coors Brewing (TAP) to $108 from $118 with a “positive” rating. Of the analysts surveyed, 54% rated the stock a “buy” while 31% rated it a “hold” and 15% rated it a “sell.”

On September 21, Wells Fargo cut its target price for Dr Pepper Snapple Group (DPS) to $93 from $95. J.P. Morgan cut its target price to $98 from $99 with a “neutral” rating. Of the analysts surveyed, 29% rated the stock a “buy” while 67% rated it a “hold” and 4% rated it a “sell.”

On September 18, Credit Suisse raised its target price for McCormick & Company (MKC) to $112 from $108. Of the analysts surveyed, 21% rated the stock a “buy” while 72% rated it a “hold” and 7% rated it a “sell.”

On September 19, Jefferies cuts its target price for Nike (NKE) to $49 from $60. Raymond James cut its target price to $67 from $71. Susquehanna downgraded the stock to “neutral” from “positive” and cut its target price to $54 from $64. Cowen and Company cut its target price to $53 from $54. Of the analysts surveyed, 57% rated the stock a “buy” while 38% rated it a “hold” and 5% rated it a “sell.”

On September 20, RBC cut its target price for Best Buy (BBY) to $57 from $61 with a “sector perform” rating. Telsey Advisory Group cut its target price to $62 from $66. UBS cut its target price to $57 from $60. Of analysts surveyed, 31% rated the stock a “buy” while 61% rated it a “hold” and 8% rated it a “sell.”

On September 22, Goldman Sachs downgraded Tiffany & Company (TIF) stock to “neutral” from “buy’’ and cut its target price to $94 from $106. Of the analysts surveyed, 46% rated the stock a “buy” while 54% rated it a “hold.” None rated it a “sell.”

On September 19, Credit Suisse upgraded Gap (GPS) stock to “neutral” from “underperform” and raised its target price to $30 from $23. Telsey Advisory Group raised its target price to $31 from $27. Of the analysts surveyed, 17% rated the stock a “buy” while 69% rated it a “hold” and 14% rated it a “sell.”

On September 19, Nomura and Instinet downgraded HanesBrands (HBI) to “neutral” from “buy.” Of the analysts surveyed, 67% rated the stock a “buy” while 33% rated it a “hold.” None rated it a “sell.”

For more information, visit Market Realist’s Consumer Discretionary and Consumer Staples pages.

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