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Consumer Stocks: Performance in the First Week of 2018

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Top gainers in the consumer sector

On January 3, SunTrust Robinson raised the target price for Chipotle Mexican Grill (CMG) to $363 from $355. The stock rose 8.6% last week. Of the analysts surveyed, 17% rated the stock as a “buy,” 69% rated it as a “hold,” and 14% rated it as a “sell.” The stock rose 8.6% last week.

On January 4, RBC increased the target price for Walmart (WMT) to $106 from $96. Of the analysts surveyed, 45% rated the stock as a “buy,” while 55% rated it as a “hold.” None of the analysts rated it as a “sell.” The stock rose 1.4% last week.

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On January 4, Raymond James upgraded CVS Health (CVS) to “strong buy” from “outperform.” On January 5, Morgan Stanley upgraded it to “overweight” from “equal weight” and raised the target price to $88 from $81. Of the analysts surveyed, 65% rated the stock as a “buy,” while 35% rated it as a “hold.” None of the analysts rated it as a “sell.” The stock rose 8.2% last week.

On January 4, Wells Fargo raised the target price for Estee Lauder (EL) to $145 from $135. Of the analysts surveyed, 76% rated the stock as a “buy,” while 24% rated it as a “hold.” None of the analysts rated it as a “sell.” The stock rose 2.2% last week.

On January 4, Wells Fargo raised the target price for Coty (COTY) to $20 from $17. Of the analysts surveyed, 41% rated the stock as a “buy,” 47% rated it as a “hold,” and 12% rated it as a “sell.” The stock rose 2.6% last week.

On January 4, Credit Suisse raised the target price for Autozone (AZO) to $790 from $734. On January 5, RBC increased the target price to $820 from $705. Barclays raised the target price to $1,000 from $800. Of the analysts surveyed, 42% rated the stock as a “buy,” 54% rated it as a “hold,” and 4% rated it as a “sell.” The stock rose 9% last week.

Top losers last week

On January 5, JPMorgan Chase reduced the target price for L Brands (LB) to $50 from $57. Deutsche Bank lowered the target price to $67 from $71. Citigroup cut the target price to $58 from $67. Of the analysts surveyed, 34% rated the stock as a “buy,” 55% rated it as a “hold,” and 10% rated it as a “sell.” The stock fell 16.4% last week.

Constellation Brands (STZ) fell 3.8% last week after it reported its fiscal 3Q18 results. Many brokerage firms raised the target price for the stock.

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