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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 Lowe’s (LOWResearch Report) and TJX Companies (TJXResearch Report) with bullish sentiments.

Lowe’s (LOW)

Evercore ISI analyst Greg Melich maintained a Buy rating on Lowe’s yesterday and set a price target of $235.00. The company’s shares closed last Thursday at $187.86, close to its 52-week low of $179.76.

According to TipRanks.com, Melich is a 2-star analyst with an average return of 0.2% and a 44.3% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Academy Sports and Outdoors, Floor & Decor Holdings, and Advance Auto Parts.

Currently, the analyst consensus on Lowe’s is a Strong Buy with an average price target of $241.69, implying a 32.3% upside from current levels. In a report released yesterday, D.A. Davidson also maintained a Buy rating on the stock with a $240.00 price target.

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