There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Mercadolibre (MELI – Research Report) and Tractor Supply (TSCO – Research Report) with bullish sentiments.
Mercadolibre (MELI)
BTIG analyst Marvin Fong maintained a Buy rating on Mercadolibre yesterday and set a price target of $1245.00. The company’s shares closed last Friday at $1221.27, close to its 52-week high of $1275.82.
According to TipRanks.com, Fong has 0 stars on 0-5 stars ranking scale with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $1265.83 average price target.
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Tractor Supply (TSCO)
In a report issued on January 26, Peter Benedict from Robert W. Baird reiterated a Buy rating on Tractor Supply, with a price target of $240.00. The company’s shares closed last Friday at $225.67.
According to TipRanks.com, Benedict is a top 100 analyst with an average return of
Currently, the analyst consensus on Tractor Supply is a Moderate Buy with an average price target of $243.38, representing a 6.2% upside. In a report issued on January 12, Exane BNP Paribas also upgraded the stock to Buy.
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