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Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: AutoNation (AN) and Tesla (TSLA)

Tipranks - Wed Apr 1, 1:04PM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on AutoNation (AN) and Tesla (TSLA).

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AutoNation (AN)

Evercore ISI analyst Chris McNally maintained a Buy rating on AutoNation yesterday and set a price target of $300.00. The company’s shares closed last Tuesday at $194.82, close to its 52-week high of $198.50.

According to TipRanks.com, McNally is a 2-star analyst with an average return of 0.3% and a 47.0% success rate. McNally covers the NA sector, focusing on stocks such as Magna International, Group 1 Automotive, and Rivian Automotive. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AutoNation with a $245.00 average price target, implying a 25.3% upside from current levels. In a report issued on March 20, J.P. Morgan also maintained a Buy rating on the stock with a $235.00 price target.

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Tesla (TSLA)

GLJ Research analyst Gordon Johnson reiterated a Sell rating on Tesla yesterday and set a price target of $24.86. The company’s shares closed last Tuesday at $368.89.

According to TipRanks.com, Johnson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.8% and a 54.8% success rate. Johnson covers the Technology sector, focusing on stocks such as Daqo New Energy, Enphase Energy, and Nextpower Inc. ;'>

Tesla has an analyst consensus of Hold, with a price target consensus of $395.31, a 9.3% upside from current levels. In a report issued on March 19, UBS also maintained a Sell rating on the stock with a $352.00 price target.

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