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Analysts’ Top Consumer Goods Picks: Costco (COST), e.l.f. Beauty (ELF)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Costco (COSTResearch Report) and e.l.f. Beauty (ELFResearch Report) with bullish sentiments.

Costco (COST)

Jefferies analyst Corey Tarlowe maintained a Buy rating on Costco yesterday and set a price target of $580.00. The company’s shares closed last Wednesday at $547.01.

According to TipRanks.com, Tarlowe is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -11.4% and a 41.4% success rate. Tarlowe covers the Consumer Goods sector, focusing on stocks such as Bj’s Wholesale Club Holdings, Abercrombie Fitch, and Victoria’s Secret.

Currently, the analyst consensus on Costco is a Strong Buy with an average price target of $564.39, representing a 3.6% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $600.00 price target.

See the top stocks recommended by analysts >>

e.l.f. Beauty (ELF)

In a report released today, Stephanie Wissink from Jefferies maintained a Buy rating on e.l.f. Beauty, with a price target of $39.00. The company’s shares closed last Wednesday at $33.87, close to its 52-week high of $34.95.

According to TipRanks.com, Wissink is a 2-star analyst with an average return of 0.0% and a 46.1% success rate. Wissink covers the Consumer Goods sector, focusing on stocks such as Petco Health and Wellness Company, Bj’s Wholesale Club Holdings, and The Estée Lauder Companies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for e.l.f. Beauty with a $35.75 average price target, a 4.8% upside from current levels. In a report issued on July 21, J.P. Morgan also maintained a Buy rating on the stock with a $35.00 price target.

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