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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 Nestlé SA (NSRGFResearch Report) and Treasury Wine Estates Limited (TSRYFResearch Report) with bullish sentiments.

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Nestlé SA (NSRGF)

Kepler Capital analyst Jon Cox maintained a Buy rating on Nestlé SA on July 24 and set a price target of CHF95.00. The company’s shares closed last Friday at $90.99.

Cox has an average return of 0.4% when recommending Nestlé SA.

According to TipRanks.com, Cox is ranked #3606 out of 9922 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Nestlé SA with a $109.00 average price target, which is a 18.7% upside from current levels. In a report issued on July 24, Baader Bank also maintained a Buy rating on the stock with a CHF94.00 price target.

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Treasury Wine Estates Limited (TSRYF)

In a report issued on July 24, Ben Gilbert from Jarden maintained a Buy rating on Treasury Wine Estates Limited, with a price target of A$10.00. The company’s shares closed last Thursday at $5.01.

According to TipRanks.com, Gilbert has 0 stars on 0-5 stars ranking scale with an average return of -7.1% and a 37.1% success rate. Gilbert covers the NA sector, focusing on stocks such as Corporate Travel Management Limited, Flight Centre Travel Group Limited, and Domino’s Pizza Enterprises Limited.

Currently, the analyst consensus on Treasury Wine Estates Limited is a Strong Buy with an average price target of $6.96, representing a 38.9% upside. In a report issued on July 14, RBC Capital also maintained a Buy rating on the stock with a A$10.70 price target.

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