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Key Events for Consumer Stocks: February 12–16

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Key events

 The following chart shows upcoming events in the consumer sector this week

 events

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Analysts’ rating and target price changes last week

On February 5, Jefferies upgraded Lowe’s (LOW) to “buy” from “hold” and raised the target price to $129 from $81. Of the analysts surveyed, 73% rated the stock as a “buy,” while 27% rated it as a “hold.” None of the analysts rated it as a “sell.”

On February 5, Piper Jaffray upgraded VF Corporation (VFC) to “overweight” from “neutral” and raised the target price to $91 from $85. Of the analysts surveyed, 52% rated the stock as a “buy,” 43% rated it as a “hold,” and 5% rated it as a “sell.”

On February 5, Wells Fargo upgraded Charter Communications (CHTR) to “outperform” from “market perform” and raised the target price to $460 from $359. Of the analysts surveyed, 77% rated the stock as a “buy,” 19% rated it as a “hold,” and 4% rated it as a “sell.”

On February 6, BMO had an “outperform” rating for Molson Coors Brewing Company (TAP) and a target price of $95. On February 8, Berenberg upgraded the stock to “hold” from “sell.” Of the analysts surveyed, 65% rated the stock as a “buy,” 29% rated it as a “hold,” and 6% rated it as a “sell.”

On February 6, Barclays upgraded Dr Pepper Snapple Group (DPS) to “overweight” from “equal weight” and raised the target price to $130 from $88. Of the analysts surveyed, 31% rated the stock as a “buy,” while 69% rated it as a “hold.” None of the analysts rated it as a “sell.”

On February 7, Oppenheimer upgraded Church & Dwight (CHD) to “outperform” from “perform.” Of the analysts surveyed, 29% rated the stock as a “buy,” 48% rated it as a “hold,” and 23% rated it as a “sell.”

On February 7, Mizuho downgraded Chipotle Mexican Grill (CMG) to “neutral” from “buy” and cut the target price to $300 from $370. Stifel downgraded the stock to “sell” from “hold” and reduced the target price to $250 from $310. Of the analysts surveyed, 14% rated the stock as a “buy,” 69% rated it as a “hold,” and 17% rated it as a “sell.”

On February 7, Deutsche Bank upgraded PVH (PVH) to “buy” from “hold” and raised the target price to $175 from $150. Of the analysts surveyed, 88% rated the stock as a “buy,” 12% rated it as a “hold,” and none of the analysts rated it as a “sell.”

On February 7, JPMorgan Chase upgraded Wynn Resorts (WYNN) to “overweight” from “neutral” and reduced the target price to $196 from $200. On February 8, Instinet upgraded Wynn Resorts to “buy” from “neutral” and raised the target price to $211 from $175. Of the analysts surveyed, 77% rated the stock as a “buy,” 19% rated it as a “hold,” and 4% rated it as a “sell.” On February 9, Susquehanna upgraded Wynn Resorts to “positive” from “neutral” and raised the target price to $211 from $196. On February 9, Morgan Stanley downgraded the stock to “equal weight” from “overweight.”

On February 7, Barclays upgraded Lennar (LEN) to “overweight” from “equal weight” and raised the target price to $72 from $68.

On February 9, RBC upgraded BorgWarner (BWA) to “outperform” from “sector perform” and raised the target price to $56 from $55.

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

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