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Analysts Are Bearish on Top Consumer Goods Stocks: Beyond Meat (BYND), Big Lots (BIG)

Analysts are pulling back from the Consumer Goods sector as 2 experts expressed today bearish sentiments on Beyond Meat (BYNDResearch Report) and Big Lots (BIGResearch Report).

Beyond Meat (BYND)

In a report released today, Adam Samuelson from Goldman Sachs maintained a Sell rating on Beyond Meat, with a price target of $40.00. The company’s shares closed last Monday at $42.59, close to its 52-week low of $41.33.

Samuelson has an average return of 23.1% when recommending Beyond Meat.

According to TipRanks.com, Samuelson is ranked #1969 out of 7777 analysts.

Currently, the analyst consensus on Beyond Meat is a Hold with an average price target of $51.90, a 22.1% upside from current levels. In a report issued on February 24, J.P. Morgan also reiterated a Sell rating on the stock with a $32.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Big Lots (BIG)

In a report released today, Kate McShane from Goldman Sachs maintained a Sell rating on Big Lots, with a price target of $36.00. The company’s shares closed last Monday at $36.48, close to its 52-week low of $31.57.

According to TipRanks.com, McShane is a 5-star analyst with an average return of 8.1% and a 64.9% success rate. McShane covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Bj’s Wholesale Club Holdings, and Academy Sports and Outdoors.

Big Lots has an analyst consensus of Moderate Sell, with a price target consensus of $38.88, representing a 3.7% upside. In a report issued on March 2, Bank of America Securities also maintained a Sell rating on the stock with a $31.00 price target.

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