Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Advance Auto Parts (AAP) and Nio (NIO)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Advance Auto Parts (AAP) and Nio (NIO).
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Advance Auto Parts (AAP)
Roth MKM analyst Scott Stember maintained a Hold rating on Advance Auto Parts today and set a price target of $57.95. The company’s shares closed last Friday at $57.95.
According to TipRanks.com, Stember is a 4-star analyst with an average return of
Currently, the analyst consensus on Advance Auto Parts is a Hold with an average price target of $60.53, a 4.3% upside from current levels. In a report issued on May 22, TipRanks – Anthropic also upgraded the stock to Hold with a $58.00 price target.
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Nio (NIO)
DBS analyst Raphael Tse maintained a Buy rating on Nio on May 22 and set a price target of $7.70. The company’s shares closed last Friday at $5.20.
According to TipRanks.com, Tse is ranked #11012 out of 12270 analysts.
Currently, the analyst consensus on Nio is a Moderate Buy with an average price target of $6.33, implying a 21.3% upside from current levels. In a report issued on May 22, CMB International Securities also upgraded the stock to Buy with a $7.00 price target.
Read More on AAP:
Disclaimer & DisclosureReport an Issue
- Advance Auto Parts Shareholders Approve Directors and Governance Matters
- Advance Auto Parts price target raised to $62 from $55 at Truist
- Advance Auto Parts price target raised to $65 from $62 at RBC Capital
- Advance Auto Parts price target raised to $65 from $60 at Morgan Stanley
- Advance Auto Parts price target raised to $65 from $60 at UBS
