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Analysts Offer Insights on Consumer Goods Companies: International Flavors & Fragrances (IFF) and Nomad Foods (NOMD)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on International Flavors & Fragrances (IFFResearch Report) and Nomad Foods (NOMDResearch Report) with bullish sentiments.

International Flavors & Fragrances (IFF)

In a report released yesterday, David Begleiter from Deutsche Bank reiterated a Buy rating on International Flavors & Fragrances, with a price target of $145.00. The company’s shares closed last Wednesday at $128.00.

According to TipRanks.com, Begleiter is a 5-star analyst with an average return of 9.6% and a 60.0% success rate. Begleiter covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on International Flavors & Fragrances is a Moderate Buy with an average price target of $146.50, which is a 17.4% upside from current levels. In a report issued on May 10, UBS also maintained a Buy rating on the stock with a $159.00 price target.

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

Nomad Foods (NOMD)

Deutsche Bank analyst Stephen Powers reiterated a Buy rating on Nomad Foods yesterday and set a price target of $26.00. The company’s shares closed last Wednesday at $18.99, close to its 52-week low of $17.30.

According to TipRanks.com, Powers is a 4-star analyst with an average return of 5.5% and a 62.7% success rate. Powers covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Constellation Brands.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nomad Foods with a $27.63 average price target, implying a 50.2% upside from current levels. In a report issued on May 3, Mizuho Securities also maintained a Buy rating on the stock with a $25.00 price target.

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