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Analysts Offer Insights on Consumer Goods Companies: Alibaba (BABA), Keurig Dr Pepper (KDP) and Nomad Foods (NOMD)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Alibaba (BABAResearch Report), Keurig Dr Pepper (KDPResearch Report) and Nomad Foods (NOMDResearch Report) with bullish sentiments.

Alibaba (BABA)

Barclays analyst Jiong Shao maintained a Buy rating on Alibaba on February 25 and set a price target of $170.00. The company’s shares closed last Friday at $107.94, close to its 52-week low of $100.02.

According to TipRanks.com, Shao is ranked #1542 out of 7800 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Alibaba with a $179.73 average price target, which is a 66.6% upside from current levels. In a report issued on February 25, Citigroup also maintained a Buy rating on the stock with a $200.00 price target.

See today’s best-performing stocks on TipRanks >>

Keurig Dr Pepper (KDP)

Barclays analyst Lauren Lieberman maintained a Buy rating on Keurig Dr Pepper on February 25 and set a price target of $43.00. The company’s shares closed last Friday at $38.30, close to its 52-week high of $39.35.

According to TipRanks.com, Lieberman is a 3-star analyst with an average return of 2.1% and a 51.9% success rate. Lieberman covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Coca-Cola Europacific Partners, and Reynolds Consumer Products.

Currently, the analyst consensus on Keurig Dr Pepper is a Moderate Buy with an average price target of $40.86, which is a 10.7% upside from current levels. In a report issued on February 23, RBC Capital also maintained a Buy rating on the stock with a $41.00 price target.

Nomad Foods (NOMD)

Barclays analyst Andrew Lazar maintained a Buy rating on Nomad Foods on February 25 and set a price target of $30.00. The company’s shares closed last Friday at $25.14.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 5.0% and a 57.6% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

Nomad Foods has an analyst consensus of Strong Buy, with a price target consensus of $30.60, representing a 25.7% upside. In a report issued on February 24, Jefferies also maintained a Buy rating on the stock with a $33.00 price target.

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