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Analysts Offer Insights on Consumer Goods Companies: Coca-Cola (KO) and Skechers USA (SKX)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Coca-Cola (KOResearch Report) and Skechers USA (SKXResearch Report) with bullish sentiments.

Coca-Cola (KO)

In a report released today, Dara Mohsenian from Morgan Stanley maintained a Buy rating on Coca-Cola, with a price target of $74.00. The company’s shares closed last Wednesday at $62.13.

According to TipRanks.com, Mohsenian is a 4-star analyst with an average return of 5.6% and a 64.8% success rate. Mohsenian covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Edgewell Personal Care, and Constellation Brands.

Currently, the analyst consensus on Coca-Cola is a Moderate Buy with an average price target of $69.58, representing a 10.7% upside. In a report issued on July 18, Barclays also maintained a Buy rating on the stock with a $69.00 price target.

See the top stocks recommended by analysts >>

Skechers USA (SKX)

Morgan Stanley analyst Alexandra Straton maintained a Buy rating on Skechers USA today and set a price target of $59.00. The company’s shares closed last Wednesday at $35.63, close to its 52-week low of $33.50.

According to TipRanks.com, Straton is ranked #4891 out of 7949 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Skechers USA with a $51.89 average price target, which is a 43.8% upside from current levels. In a report issued on July 15, UBS also maintained a Buy rating on the stock with a $56.00 price target.

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Read More on KO:

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