Equirus Rates 13 Consumer Stocks Long Amid Rising Commodity Costs

Equirus is a brokerage that studies companies and gives opinions about their shares.

It kept a positive LONG rating on 13 consumer companies.

However, some ingredients and packaging materials used by these companies have become more expensive.

Sugar, palm oil and menthol were among the commodities with the largest increases.

Higher costs can make it harder for companies to protect their profits.

Some other materials, such as crude-linked inputs and HDPE, became cheaper compared with the previous quarter.

Equirus said the benefit from lower raw-material costs is becoming less widespread.

Investors should note that the target prices and LONG ratings are the brokerage’s views, not a guarantee of returns.