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Analysts Offer Insights on Consumer Goods Companies: Best Buy Co (BBY) and Conagra Brands (CAG)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Best Buy Co (BBYResearch Report) and Conagra Brands (CAGResearch Report) with bullish sentiments.

Best Buy Co (BBY)

In a report released yesterday, Greg Melich from Evercore ISI maintained a Buy rating on Best Buy Co, with a price target of $85.00. The company’s shares closed last Thursday at $77.99.

According to TipRanks.com, Melich is a 2-star analyst with an average return of 0.0% and a 45.7% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Advance Auto Parts, and Home Depot.

Best Buy Co has an analyst consensus of Hold, with a price target consensus of $78.95, implying a 4.7% upside from current levels. In a report released yesterday, Telsey Advisory also maintained a Buy rating on the stock with a $82.00 price target.

See the top stocks recommended by analysts >>

Conagra Brands (CAG)

In a report released yesterday, David Palmer from Evercore ISI maintained a Buy rating on Conagra Brands, with a price target of $40.00. The company’s shares closed last Thursday at $33.99.

According to TipRanks.com, Palmer is a 5-star analyst with an average return of 6.3% and a 62.3% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Mondelez International, BellRing Brands, and Hostess Brands.

The word on The Street in general, suggests a Hold analyst consensus rating for Conagra Brands with a $35.00 average price target.

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