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What’s in Store for Consumer Stocks This Week?

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Updated

Analysts’ downgrades last week

Several consumer stocks were downgraded last week.

  • On March 22, Morgan Stanley downgraded Delphi Automotive (DLPH) to “equal weight” from “overweight,” and cut its target price to $51 from $57.
  • On March 22, Susquehanna cut its target price for Molson Coors Brewing (TAP) to $93 from $96. Of the analysts covering the stock, 63% recommended “buy,” 31% recommended “hold,” and 6% recommended “sell.”
  • On March 23, Pivotal Research cut its target price for Walgreens Boots Alliance (WBA) to $69 from $73 and gave it a “hold” rating. Of the analysts covering the stock, 57% recommended “buy” and 43% recommended “hold.” There were no “sell” recommendations.
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Analysts’ upgrades last week

There were also several consumer stocks upgraded last week.

  • On March 22, SocGen upgraded General Mills (GIS) to “hold” from “sell,” and the next day, Susquehanna upgraded the stock to “positive” from “neutral” and raised its target price to $53 from $51. Of the analysts covering the stock, 20% recommended “buy,” 75% recommended “hold,” and 5% recommended “sell.”
  • On March 22, Cowen and Company upgraded Ralph Lauren (RL) to “outperform” from “market perform” and raised its target price to $122 from $110. Of the analysts covering the stock, 22% recommended “buy,” 61% recommended “hold,” and 17% recommended “sell.”
  • On March 23, Deutsche Bank raised its target price for Constellation Brands (STZ) to $256 from $253. Of the analysts covering the stock, 82% recommended “buy” and 18% recommended “hold.” There were no “sell” recommendations.
  • On March 23, RBC raised its target price for Conagra Brands (CAG) to $46 from $45, and Citigroup raised its target price to $43 from $42. Of the analysts covering the stock, 71% recommended “buy” and 29% recommended “hold.” There were no “sell” recommendations.
  • On March 23, Instinet raised its target price for Nike (NKE) to $74 from $65 and gave it a “buy” rating. Canaccord Genuity raised its target price for the stock to $62 from $60, and Susquehanna raised its target price to $62 from $60 and assigned it a “neutral” rating. Of the analysts covering the stock, 60% recommended “buy,” 35% recommended “hold,” and 5% recommended “sell.”

The chart above shows upcoming events in the consumer sector this week. For more information, visit Market Realist’s Consumer Discretionary and Consumer Staples pages.

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