Consumer Staples Like Nu Skin And P&G Get The Thumbs Up From Deutsche Bank

Deutsche Bank's Bill Schmitz has raised the price targets of consumer staples stocks, with three of the revised targets falling below the most recent trading price.

Schmitz has raised the price targets of Colgate-Palmolive Company CL by $2 to $75; Clorox Co CLX by $4 to $134; International Flavors & Fragrances Inc IFF by $6 to $130; Kimberly Clark Corp KMB by $2 to $132; Nu Skin Enterprises, Inc. NUS by $10 to $55 and Procter & Gamble Co PG by $7 to $92.

Among these, the targets of Kimberly Clark, International Flavors & Fragrances and Clorox are below the current trading prices of $133.68, $133.92 and $135.35, respectively.

Related Link: Deutsche Bank Likes Consumer Staples, Stock Market Bubble Or Not

The analyst has a Hold rating on Colgate-Palmolive, Clorox, International Flavors & Fragrances and Kimberly Clark, while he remains Buy-rated on Nu Skin and P&G.

"As many appreciate but have been well-served ignoring in recent quarters, consumer staples have outperformed the market and more discretionary consumer sectors year to date, over the last year and over the last 3 years," Schmitz highlighted.

The analyst sees a path to earnings upside after a barrage of negative revisions at the big multinationals as 1) macro bottoms, 2) currency volatility (outside the pound) eases and 3) commodity costs stabilize.

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Posted In: Analyst ColorLong IdeasPrice TargetCommoditiesReiterationMarketsAnalyst RatingsTrading IdeasBill Schmitzconsumer staplesDeutsche Bank
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