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Top Movers in the Consumer Sector: January 15–19

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Top gainers in the consumer sector

On January 19, 2018, Jefferies upgraded Philip Morris International (PM) to a “buy” and raised the target price to $124. Of the analysts surveyed, 53% rated the stock a “buy,” and 47% rated it a “hold.” None of them rated it a “sell.” The stock rose 4.2% last week.

On January 17, Jefferies raised the target price for Estée Lauder (EL) to $148 from $140. The stock rose 4.6% last week.

On January 17, Stifel raised the target price for Monster Beverage (MNST) to $73 from $61. Credit Suisse raised the target price for the stock to $77 from $69. The stock rose 4.8% last week.

On January 19, Telsey Advisory Group raised the target price for Foot Locker (FL) to $56 from $44. Of the analysts surveyed, 45% rated the stock a “buy,” 45% rated it a “hold,” and 10% rated it a “sell.” The stock rose 5.8% last week.

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On January 16, Telsey Advisory Group raised the target price for Kohl’s (KSS) to $73 from $65. Jefferies raised the target price to $100 from $66 with a “buy” rating. Of the analysts surveyed, 67% rated the stock a “buy,” 8% rated it a “hold,” and 25% rated it a “sell.” The stock rose 5.7% last week.

On January 18, Wyndham Worldwide (WYN) announced that it has entered into a definitive agreement to acquire La Quinta’s hotel franchise and hotel management businesses. The deal is valued at nearly $2 billion in cash and is expected to close by the second quarter of 2018. On January 18, Goldman Sachs upgraded Wyndham Worldwide to a “buy” from a “neutral.” Stifel raised the target price to $130 from $125. The stock rose 7.7% last week.

On January 17, UBS raised the target price for Discovery Communications (DISCA) to $25 from $23. RBC increased the target price to $29 from $24. The stock rose 5.7% last week.

Top losers

On January 19, Deutsche Bank downgraded McCormick & Company (MKC) to a “sell” from a “hold” and cut the target price to $98 from $103. Of the analysts surveyed, 21% rated the stock a “buy,” 65% rated it a “hold,” and 14% rated it a “sell.” The stock fell 1.8% last week.

On January 17, Instinet cut the target price for Signet Jewelers (SIG) to $62 from $64. Of the analysts surveyed, 23% rated the stock a “buy,” and 77% rated it a “hold.” None of them rated it a “sell.” The stock fell 3.3% last week.

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