24 Jan

Key Events for Consumer Stocks: January 22–26

WRITTEN BY Sushree Mohanty

Key events

 The chart below shows the upcoming events in the consumer sector this week.

 Key Events for Consumer Stocks: January 22–26

Analysts’ ratings and price changes last week

On January 16, 2018, Goldman Sachs upgraded Procter & Gamble (PG) to a “neutral” from a “sell” and increased the target price for the stock to $88 from $83. Of the analysts surveyed, 43% rated the stock a “buy,” and 57% rated it a “hold.” None of them rated it a “sell.”

On January 16, Goldman Sachs downgraded Hershey (HSY) to a “sell” from a “neutral” and cut the target price to $101 from $106. Of the analysts surveyed, 28% rated the stock a “buy,” 55% rated it a “hold,” and 17% rated it a “sell.”

On January 16, Goldman Sachs downgraded Williams-Sonoma (WSM) to a “neutral” from a “buy.” Of the analysts surveyed, 15% rated the stock a “buy,” 67% rated it a “hold,” and 18% rated it a “sell.”

On January 16, Wedbush upgraded Nike (NKE) to an “outperform” from a “neutral” and raised the target price to $74 from $57. Of the analysts surveyed, 56% rated the stock a “buy,” 39% rated it a “hold,” and 5% rated it a “sell.”

On January 17, Morgan Stanley upgraded Ulta Beauty (ULTA) to an “overweight” from an “equal weight” and raised the target price to $285 from $235. Instinet raised the target price to $259 from $250. Of the analysts surveyed, 62% rated the stock a “buy,” and 38% rated it a “hold.” None of them rated it a “sell.”

On January 18, Goldman Sachs upgraded Walmart (WMT) to a “buy” and added the stock to its Conviction Buy List. Of the analysts surveyed, 48% rated the stock a “buy,” and 52% rated it a “hold.” None of them rated it a “sell.”

On January 18, Mizuho upgraded Lennar (LEN) to a “buy” from a “neutral” and increased the target price to $80 from $53. Of the analysts surveyed, 67% rated the stock a “buy,” and 33% rated it a “hold.” None of them rated it a “sell.”

On January 18, Oppenheimer upgraded CarMax (KMX) to an “outperform from a “perform” and increased the target price to $88 from $80. Of the analysts surveyed, 53% rated the stock a “buy,” 35% rated it a “hold,” and 12% rated it a “sell.”

On January 19, Jefferies upgraded Altria Group (MO) to a “buy” and raised the target price to $81. Of the analysts surveyed, 67% rated the stock a “buy,” and 33% rated it a “hold.” None of them rated it a “sell.”

On January 19, Jefferies started with a “buy” rating for Kraft Heinz (KHC) and a target price of $95. Of the analysts surveyed, 73% rated the stock a “buy,” and 27% rated it a “hold.” None of them rated it a “sell.”

On January 19, Goldman Sachs upgraded Jack in the Box (JACK) to a “buy” from a “neutral.” Of the analysts surveyed, 47% rated the stock a “buy,” and 53% rated it a “hold.” None of them rated it a “sell.”

On January 19, Raymond James upgraded Chipotle Mexican Grill (CMG) to a “market perform” from an “underperform.” Of the analysts surveyed, 17% rated the stock a “buy,” 72% rated it a “hold,” and 11% rated it a “sell.”

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

Latest articles

On June 25, AbbVie (ABBV) announced that it plans to buy Allergan (AGN) for ~$63 billion. At 10:20 AM ET, Allergan stock rose 27%, while AbbVie stock fell 15%.

On June 25, Credit Suisse initiated its coverage on Shake Shack with an “outperform” rating and a target price of $77—an upside potential of 15.4% from its closing price of $66.72 on June 24.

On June 25, the soft economic data isn't an isolated case. We have been getting a flurry of dismal data points. The US economy added only 75,000 non-farm jobs in May.

French retail giant Carrefour has agreed to sell an 80% stake in its China operations for ~$705 million to Suning.com, an Alibaba (BABA) backed company. While China represents a massive opportunity with its almost 1.4 billion population, it has not been an easy market for foreign companies, at least when it comes to retail and e-commerce.

On June 25, US Secretary of Agriculture Sonny Perdue told CNN in an interview that the US-China trade war has impacted US farmers. He said that farmers “are one of the casualties” of the trade war.

25 Jun

Hang Seng and Nikkei 225 Lose amid Trade Worries

WRITTEN BY Mayur Sontakke, CFA, FRM

After rising marginally yesterday, Hong Kong’s Hang Seng Index fell today. The index lost 1.15% to end at 28,185.98. Only seven stocks in the index rose, while 39 declined. Four remained unchanged. Tencent Holdings (TCEHY) was one of the worst performers with a 1.8% fall.

172.31.16.229