Analysts Are Bullish on Top Consumer Goods Stocks: Abercrombie Fitch (ANF), Best Buy Co (BBY)

Stock Market

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Abercrombie Fitch (ANFResearch Report) and Best Buy Co (BBYResearch Report) with bullish sentiments.

Abercrombie Fitch (ANF)

In a report released yesterday, Janie Stichter from Jefferies reiterated a Buy rating on Abercrombie Fitch, with a price target of $61.00. The company’s shares closed last Tuesday at $41.12.

According to TipRanks.com, Stichter is a 4-star analyst with an average return of 16.7% and a 48.2% success rate. Stichter covers the Consumer Goods sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and Torrid Holdings.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Abercrombie Fitch with a $53.29 average price target, implying a 29.6% upside from current levels. In a report issued on November 17, B.Riley Financial also maintained a Buy rating on the stock with a $54.00 price target.

See today’s best-performing stocks on TipRanks >>

Best Buy Co (BBY)

In a report released yesterday, Jonathan Matuszewski from Jefferies maintained a Buy rating on Best Buy Co, with a price target of $137.00. The company’s shares closed last Tuesday at $121.01.

According to TipRanks.com, Matuszewski is a 4-star analyst with an average return of 19.6% and a 67.6% success rate. Matuszewski covers the Consumer Goods sector, focusing on stocks such as Home Depot, Leslie’s, and Wayfair.

Best Buy Co has an analyst consensus of Moderate Buy, with a price target consensus of $135.50, an 12.0% upside from current levels. In a report issued on November 19, Evercore ISI also maintained a Buy rating on the stock with a $150.00 price target.

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