Dollar General, Philip Morris And Other Defensive Stocks From Wall Street's Most Accurate Analysts

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the top consumer staples stocks from several analysts, according to Benzinga Analyst Stock Ratings.

Philip Morris International Inc. PM

• Barclays analyst Gaurav Jain maintained an Overweight rating and cut the price target from $115 to $100 on Sept. 21, 2023. This analyst sees around 7% upside in the stock and has an accuracy rate of 71%.
• Morgan Stanley analyst Pamela Kaufman reiterated an Overweight rating with a price target of $118 on June 27, 2023. This analyst sees the stock gaining 27% and has an accuracy rate of 65%.
• Recent News: The company expects 2024 to 2026 compound annual growth for organic net revenue of 6% to 8% (including higher shipment volumes), adjusted operating income of 8% to 10%, and adjusted EPS (excluding currency) of 9% to 11%.

Cal-Maine Foods, Inc. CALM

• Stephens & Co. analyst Ben Bienvenu reiterated an Equal-Weight rating with a price target of $47 on Sept. 21, 2023. Bienvenu sees a 4% downside in the stock and has an accuracy rate of 61%.
• Goldman Sachs analyst Adam Samuelson maintained a Sell rating and cut the price target from $43 to $40 on July 7, 2023. This analyst sees around 19% decline in the stock and has an accuracy rate of 68%.
• Recent News: Cal-Maine Foods agreed to acquire egg production assets of Fassio Egg Farms.

Sysco Corporation SYY

• Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $88 to $87 on Aug. 2, 2023. This analyst sees around 31% upside in the stock and has an accuracy rate of 83%.
• Barclays analyst Jeffrey Bernstein maintained an Overweight rating and raised the price target from $85 to $86 on Aug. 2, 2023. This analyst sees the stock gaining around 29% and has an accuracy rate of 71%.
• Recent News: Sysco reported fourth-quarter FY23 sales growth of 4.1% year-on-year to $19.728 billion, missing the consensus of $19.85 billion.

Dollar General Corporation DG

• Piper Sandler analyst Peter Keith maintained a Neutral rating and cut the price target from $178 to $144 on Sept. 1, 2023. This analyst sees around 37% rise in the stock and has an accuracy rate of 77%.
• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and slashed the price target from $166 to $142 on Sept. 1, 2023. Ciccarelli sees the stock surging around 35%, and has an accuracy rate of 79%.
• Recent News: Dollar General reported second-quarter FY23 sales growth of 3.9% year-on-year to $9.80 billion, missing the analyst consensus of $9.92 billion.

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