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Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Tapestry (TPR), Sally Beauty (SBH) and Beyond Meat (BYND)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Tapestry (TPRResearch Report), Sally Beauty (SBHResearch Report) and Beyond Meat (BYNDResearch Report).

Tapestry (TPR)

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Tapestry today and set a price target of $46.00. The company’s shares closed last Thursday at $30.63.

According to TipRanks.com, Telsey is a 1-star analyst with an average return of -4.2% and a 35.4% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Brilliant Earth Group, and Wolverine World Wide.

Currently, the analyst consensus on Tapestry is a Strong Buy with an average price target of $48.80, which is a 72.6% upside from current levels. In a report released today, Cowen & Co. also maintained a Buy rating on the stock with a $40.00 price target.

See the top stocks recommended by analysts >>

Sally Beauty (SBH)

D.A. Davidson analyst Linda Bolton Weiser maintained a Hold rating on Sally Beauty today and set a price target of $16.00. The company’s shares closed last Thursday at $14.77, close to its 52-week low of $13.95.

According to TipRanks.com, Weiser is a 4-star analyst with an average return of 3.0% and a 48.0% success rate. Weiser covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Lifetime Brands, and 1-800 Flowers.

Sally Beauty has an analyst consensus of Hold, with a price target consensus of $17.33, representing a 22.8% upside. In a report issued on May 5, Oppenheimer also downgraded the stock to Hold.

Beyond Meat (BYND)

Credit Suisse analyst Robert Moskow maintained a Sell rating on Beyond Meat today and set a price target of $20.00. The company’s shares closed last Thursday at $25.08, close to its 52-week low of $20.50.

According to TipRanks.com, Moskow is a 4-star analyst with an average return of 4.2% and a 50.2% success rate. Moskow covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Mondelez International, and Sprouts Farmers.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Beyond Meat with a $29.17 average price target, representing a 38.7% upside. In a report released yesterday, Goldman Sachs also maintained a Sell rating on the stock with a $14.00 price target.

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