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Analysts Offer Insights on Consumer Goods Companies: BellRing Brands (BRBR), Olaplex Holdings (OLPX) and Hanesbrands (HBI)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on BellRing Brands (BRBRResearch Report), Olaplex Holdings (OLPXResearch Report) and Hanesbrands (HBIResearch Report) with bullish sentiments.

BellRing Brands (BRBR)

Evercore ISI analyst David Palmer maintained a Buy rating on BellRing Brands yesterday and set a price target of $30.00. The company’s shares closed last Friday at $24.42.

According to TipRanks.com, Palmer is a 4-star analyst with an average return of 6.6% and a 60.1% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Conagra Brands, and Hain Celestial.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BellRing Brands with a $31.13 average price target, representing a 38.4% upside. In a report issued on May 3, Mizuho Securities also maintained a Buy rating on the stock with a $30.00 price target.

See the top stocks recommended by analysts >>

Olaplex Holdings (OLPX)

In a report released yesterday, Robert Ottenstein from Evercore ISI maintained a Buy rating on Olaplex Holdings, with a price target of $40.00. The company’s shares closed last Friday at $13.39, close to its 52-week low of $12.88.

According to TipRanks.com, Ottenstein is a 1-star analyst with an average return of -2.5% and a 44.7% success rate. Ottenstein covers the Consumer Goods sector, focusing on stocks such as Coca-Cola Europacific Partners, The Estée Lauder Companies, and Anheuser-Busch Inbev Sa.

Currently, the analyst consensus on Olaplex Holdings is a Strong Buy with an average price target of $27.29.

Hanesbrands (HBI)

Evercore ISI analyst Omar Saad maintained a Buy rating on Hanesbrands yesterday and set a price target of $18.00. The company’s shares closed last Friday at $12.60.

According to TipRanks.com, Saad is a 1-star analyst with an average return of -4.2% and a 35.2% success rate. Saad covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Lululemon Athletica, and Bath & Body Works.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hanesbrands with a $16.83 average price target, which is a 34.2% upside from current levels. In a report released yesterday, B.Riley Financial also maintained a Buy rating on the stock with a $23.00 price target.

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