There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Stellantis (STLA – Research Report) and PUMA SE NPV (PMMAF – Research Report) with bullish sentiments.
In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Stellantis, with a price target of EUR21.00. The company’s shares closed last Thursday at $16.03.
According to TipRanks.com, Asumendi is a 4-star analyst with an average return of 5.6% and a 51.5% success rate. Asumendi covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Continental Aktiengesellschaft.
Currently, the analyst consensus on Stellantis is a Strong Buy with an average price target of $23.01, implying a 44.5% upside from current levels. In a report issued on January 6, Kepler Capital also maintained a Buy rating on the stock with a EUR25.00 price target.
PUMA SE NPV (PMMAF)
In a report released today, Richard Edwards from Goldman Sachs maintained a Buy rating on PUMA SE NPV, with a price target of EUR96.00. The company’s shares closed last Monday at $68.43.
Edwards has an average return of 8.4% when recommending PUMA SE NPV.
According to TipRanks.com, Edwards is ranked #7954 out of 8253 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for PUMA SE NPV with a $79.48 average price target, which is a 17.1% upside from current levels. In a report issued on January 10, RBC Capital also maintained a Buy rating on the stock with a EUR65.00 price target.
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