Blurbs

Analysts Offer Insights on Consumer Goods Companies: L Brands (LB) and Nike (NKE)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on L Brands (LBResearch Report) and Nike (NKEResearch Report).

L Brands (LB)

In a report released today, Dana Telsey from Telsey Advisory maintained a Hold rating on L Brands, with a price target of $79.00. The company’s shares closed last Tuesday at $74.12, close to its 52-week high of $77.87.

According to TipRanks.com, Telsey is a 4-star analyst with an average return of 18.2% and a 61.6% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, G-III Apparel Group, and Abercrombie Fitch.

L Brands has an analyst consensus of Moderate Buy, with a price target consensus of $79.73, representing a 4.7% upside. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $75.00 price target.

See today’s analyst top recommended stocks >>

Nike (NKE)

In a report released today, Randal Konik from Jefferies reiterated a Buy rating on Nike, with a price target of $200.00. The company’s shares closed last Tuesday at $161.59, close to its 52-week high of $162.43.

According to TipRanks.com, Konik is a 5-star analyst with an average return of 13.6% and a 62.8% success rate. Konik covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Grocery Outlet Holding, and Floor & Decor Holdings.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nike with a $183.83 average price target, implying a 13.9% upside from current levels. In a report issued on July 7, HSBC also maintained a Buy rating on the stock with a $205.00 price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on LB:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos
Videos

Latest News Feed