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Analysts Offer Insights on Consumer Goods Companies: PepsiCo (PEP), Philip Morris (PM) and On Holding AG (ONON)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on PepsiCo (PEPResearch Report), Philip Morris (PMResearch Report) and On Holding AG (ONONResearch Report).

PepsiCo (PEP)

J.P. Morgan analyst Andrea Faria Teixeira maintained a Buy rating on PepsiCo yesterday and set a price target of $188.00. The company’s shares closed last Wednesday at $170.10.

According to TipRanks.com, Teixeira is a 1-star analyst with an average return of -3.9% and a 44.0% success rate. Teixeira covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Constellation Brands, and Energizer Holdings.

Currently, the analyst consensus on PepsiCo is a Moderate Buy with an average price target of $180.23, implying a 6.9% upside from current levels. In a report issued on June 30, UBS also maintained a Buy rating on the stock with a $182.00 price target.

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

Philip Morris (PM)

J.P. Morgan analyst Jared Dinges maintained a Hold rating on Philip Morris on July 12 and set a price target of $100.00. The company’s shares closed last Wednesday at $90.65.

Dinges has an average return of 8.2% when recommending Philip Morris.

According to TipRanks.com, Dinges is ranked #2908 out of 7917 analysts.

Currently, the analyst consensus on Philip Morris is a Strong Buy with an average price target of $111.20.

On Holding AG (ONON)

In a report issued on July 12, Grace Smalley from J.P. Morgan maintained a Buy rating on On Holding AG, with a price target of $27.00. The company’s shares closed last Wednesday at $17.42, close to its 52-week low of $16.38.

According to TipRanks.com, Smalley is ranked #7409 out of 7917 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for On Holding AG with a $29.08 average price target.

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