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Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: American Eagle (AEO) and Chewy (CHWY)

Tipranks - Fri Mar 27, 6:24AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on American Eagle (AEO) and Chewy (CHWY).

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American Eagle (AEO)

Needham analyst Tom Nikic initiated coverage with a Hold rating on American Eagle today. The company’s shares closed last Wednesday at $16.52.

According to TipRanks.com, Nikic is a 3-star analyst with an average return of 4.1% and a 40.8% success rate. Nikic covers the NA sector, focusing on stocks such as Wolverine World Wide, Lululemon Athletica, and Columbia Sportswear. ;'>

Currently, the analyst consensus on American Eagle is a Hold with an average price target of $24.14, representing a 45.2% upside. In a report released yesterday, TipRanks – xAI also reiterated a Hold rating on the stock with a $16.50 price target.

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Chewy (CHWY)

In a report released yesterday, Steven Forbes from Guggenheim reiterated a Buy rating on Chewy, with a price target of $45.00. The company’s shares closed last Wednesday at $26.57.

According to TipRanks.com, Forbes is a 4-star analyst with an average return of 8.4% and a 50.6% success rate. Forbes covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Dick’s Sporting Goods, and SharkNinja, Inc. ;'>

Chewy has an analyst consensus of Strong Buy, with a price target consensus of $43.00, representing a 65.7% upside. In a report issued on March 18, Piper Sandler also maintained a Buy rating on the stock with a $48.00 price target.

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