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Analysts Offer Insights on Consumer Cyclical Companies: ANTA Sports Products (OtherANPDF), Meituan (OtherMPNGF) and Weichai Power Co (OtherWEICF)

Tipranks - Tipranks - Sat Mar 28, 7:28PM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on ANTA Sports Products (ANPDF), Meituan (MPNGF) and Weichai Power Co (WEICF).

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ANTA Sports Products (ANPDF)

J.P. Morgan analyst Qian Yao maintained a Buy rating on ANTA Sports Products on March 26 and set a price target of HK$130.00. The company’s shares closed last Wednesday at $10.11.

Yao has an average return of 2.5% when recommending ANTA Sports Products. ;'>

According to TipRanks.com, Yao is ranked #4600 out of 12128 analysts.

Currently, the analyst consensus on ANTA Sports Products is a Strong Buy with an average price target of $13.51, which is a 33.6% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also upgraded the stock to Buy with a HK$85.00 price target.

See today’s best-performing stocks on TipRanks >>

Meituan (MPNGF)

Citi analyst Alicia Yap maintained a Buy rating on Meituan yesterday and set a price target of HK$110.00. The company’s shares closed last Friday at $10.21.

According to TipRanks.com, Yap is ranked #3223 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meituan with a $15.25 average price target, implying a 47.3% upside from current levels. In a report released yesterday, DBS also maintained a Buy rating on the stock with a HK$119.00 price target.

Weichai Power Co (WEICF)

In a report issued on March 26, Sheng Zhong from Morgan Stanley maintained a Hold rating on Weichai Power Co, with a price target of HK$26.20. The company’s shares closed last Friday at $3.51.

Zhong has an average return of 4.5% when recommending Weichai Power Co. ;'>

According to TipRanks.com, Zhong is ranked #2378 out of 12128 analysts.

Currently, the analyst consensus on Weichai Power Co is a Moderate Buy with an average price target of $4.53.

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