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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Dick’s Sporting Goods (DKSResearch Report) and Nike (NKEResearch Report) with bullish sentiments.

Dick’s Sporting Goods (DKS)

Evercore ISI analyst Warren Cheng maintained a Buy rating on Dick’s Sporting Goods today and set a price target of $180.00. The company’s shares closed last Tuesday at $111.57.

Cheng has an average return of 12.8% when recommending Dick’s Sporting Goods.

According to TipRanks.com, Cheng is ranked #3763 out of 7920 analysts.

Dick’s Sporting Goods has an analyst consensus of Moderate Buy, with a price target consensus of $144.25, which is a 31.4% upside from current levels. In a report issued on March 8, Goldman Sachs also maintained a Buy rating on the stock with a $143.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Nike (NKE)

Evercore ISI analyst Omar Saad maintained a Buy rating on Nike today and set a price target of $185.00. The company’s shares closed last Tuesday at $136.85.

According to TipRanks.com, Saad is a 1-star analyst with an average return of -1.6% and a 36.1% success rate. Saad covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings, Bath & Body Works, and Victoria’s Secret.

Currently, the analyst consensus on Nike is a Strong Buy with an average price target of $165.09, implying a 20.3% upside from current levels. In a report issued on March 14, Bernstein also initiated coverage with a Buy rating on the stock with a $160.00 price target.

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