Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Best Buy Co (BBY), Planet Fitness (PLNT) and Mercadolibre (MELI)
Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Best Buy Co (BBY – Research Report), Planet Fitness (PLNT – Research Report) and Mercadolibre (MELI – Research Report).
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Best Buy Co (BBY)
In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Best Buy Co, with a price target of $76.00. The company’s shares closed last Tuesday at $62.73.
According to TipRanks.com, Gutman is a 4-star analyst with an average return of
Currently, the analyst consensus on Best Buy Co is a Hold with an average price target of $77.92, implying a 24.1% upside from current levels. In a report issued on February 23, TipRanks – Google also downgraded the stock to Hold with a $69.00 price target.
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Planet Fitness (PLNT)
J.P. Morgan analyst Rahul Krotthapalli maintained a Buy rating on Planet Fitness today and set a price target of $105.00. The company’s shares closed last Tuesday at $82.61.
Krotthapalli has an average return of
According to TipRanks.com, Krotthapalli is ranked #10947 out of 12136 analysts.
Currently, the analyst consensus on Planet Fitness is a Strong Buy with an average price target of $125.45, representing a 51.3% upside. In a report issued on February 12, TD Cowen also maintained a Buy rating on the stock with a $135.00 price target.
Mercadolibre (MELI)
In a report released today, Andrew R. Ruben from Morgan Stanley maintained a Buy rating on Mercadolibre, with a price target of $2950.00. The company’s shares closed last Tuesday at $1922.56.
Ruben has an average return of
According to TipRanks.com, Ruben is ranked #3689 out of 12136 analysts.
Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $2742.86, which is a 45.5% upside from current levels. In a report issued on February 12, J.P. Morgan also upgraded the stock to Buy with a $2800.00 price target.
