In today's episode of Consumer Countdown, consumer goods analysts Michael Finarelli and Sean O'Reilly join Mark Reeth to play one of their favorite games: Yea or Nay. In it, the consumer goods team takes a look at some recent analyst upgrades and downgrades on stocks in the consumer goods sector, and tries to determine whether or not they were the right calls to make.
First up, Sean agrees with a Canaccord Genuity analyst's call that Coach (NYSE: COH ) may see same-store sales decline by 6% this quarter. Next, Mike says nay to an analyst raising his price target for lululemon athletica (NASDAQ: LULU ) from $85 to $90. Then, Sean concurs with an analyst who raised his price target for Penn National Gaming (NASDAQ: PENN ) ahead of the company's split. And finally, Mike says yea to an analyst's prediction that Dunkin' Brands (NASDAQ: DNKN ) will enjoy strong top-line growth this quarter.
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