There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Amazon (AMZN – Research Report) and Murphy USA (MUSA – Research Report) with bullish sentiments.
Needham analyst Laura Martin maintained a Buy rating on Amazon today and set a price target of $120.00. The company’s shares closed last Thursday at $112.91.
According to TipRanks.com, Martin is a 3-star analyst with an average return of 2.3% and a 44.6% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Tremor International, and CuriosityStream.
Currently, the analyst consensus on Amazon is a Strong Buy with an average price target of $133.14, representing a 20.8% upside. In a report released today, Evercore ISI also maintained a Buy rating on the stock with a $160.00 price target.
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Murphy USA (MUSA)
In a report released today, Bobby Griffin from Raymond James reiterated a Buy rating on Murphy USA, with a price target of $305.00. The company’s shares closed last Thursday at $260.86.
According to TipRanks.com, Griffin is a 5-star analyst with an average return of 19.7% and a 60.9% success rate. Griffin covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, Dollar General, and Tractor Supply.
Currently, the analyst consensus on Murphy USA is a Moderate Buy with an average price target of $338.33, which is a 31.1% upside from current levels. In a report issued on January 23, Wells Fargo also upgraded the stock to Buy with a $350.00 price target.
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