From Nasdaq: 2025-01-16 08:15:00

Defensive stocks like consumer staples can outperform in bear markets. Walmart received upgrades with price targets from Wells Fargo and Barclays, implying 9% upside. The stock beat sales estimates every quarter in 2024, with substantial growth in e-commerce. Coca-Cola also saw upgrades, with a $73 price target from analysts, showing an 18% upside potential. McCormick received a rating upgrade and a price target increase from TD Cowen, with a target implying over 25% growth. The company’s focus on “heat” products is expected to drive strong growth.



Read more at Nasdaq:: 3 Defensive Stocks Analysts Are Bullish on to Kick Off the Year