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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Thu May 28, 7:56AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Lowe’s (LOW) and AutoZone (AZO) with bullish sentiments.

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Lowe’s (LOW)

Jefferies analyst Jonathan Matuszewski reiterated a Buy rating on Lowe’s today and set a price target of $278.00. The company’s shares closed last Tuesday at $212.08, close to its 52-week low of $211.80.

According to TipRanks.com, Matuszewski is a 4-star analyst with an average return of 5.7% and a 48.3% success rate. Matuszewski covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Somnigroup International, and Dick’s Sporting Goods. ;'>

Lowe’s has an analyst consensus of Moderate Buy, with a price target consensus of $264.06, which is a 22.3% upside from current levels. In a report issued on May 14, Wells Fargo also upgraded the stock to Buy with a $260.00 price target.

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AutoZone (AZO)

Goldman Sachs analyst Kate McShane reiterated a Buy rating on AutoZone yesterday and set a price target of $4096.00. The company’s shares closed last Tuesday at $3100.11.

According to TipRanks.com, McShane is a 4-star analyst with an average return of 5.2% and a 57.4% success rate. McShane covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Academy Sports and Outdoors, and Life Time Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AutoZone with a $3973.11 average price target, which is a 23.6% upside from current levels. In a report issued on May 12, Citi also maintained a Buy rating on the stock with a $4300.00 price target.

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