The Zhitong Finance App learned that in studying the consumer goods industry, Bernstein analyst Callum Elliott is optimistic about the prospects of the beauty industry and listed Estée Lauder (EL.US) as the industry's first choice, giving it an “outperform the market” rating for the first time, with a target price of 311 US dollars. Elliott believes that Estée Lauder's revenue growth potential of nearly 10% and positive profit margins have yet to be discovered by the market.

In the beverage industry, Elliott gave Coca Cola (KO.US) and Dr. Keurig Pepper (KDP.US) ratings of “outperforming the market.” The analyst believes Coca-Cola is undergoing an “underappreciated cultural reform” that will drive sales, profit margins, and earnings growth over the next few years, and give it a target price of $58. Keurig Dr Pepper, on the other hand, was favored by Elliott because of its attractive valuation and high growth prospects, and received a target price of $40.

In addition, Elliott also gave Altria (MO.US) an “outperform the market” rating, with a target price of 53 US dollars. The analyst believes that tobacco stocks are out of touch with fundamentals, and the direction of regulation may shift in a direction favorable to the company.

On the other hand, the analyst gave Pepsi (PEP.US) and Colgate (CL.US) “outperform the market.”