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Analysts Offer Insights on Consumer Cyclical Companies: The Lovesac Company (LOVE), BorgWarner (BWA) and BRP (DOO)

Tipranks - Sat Mar 28, 8:16AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on The Lovesac Company (LOVE), BorgWarner (BWA) and BRP (DOO) with bullish sentiments.

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The Lovesac Company (LOVE)

In a report released today, Michael Baker from D.A. Davidson maintained a Buy rating on The Lovesac Company. The company’s shares closed last Thursday at $13.76.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 5.2% and a 53.9% success rate. Baker covers the NA sector, focusing on stocks such as Dick’s Sporting Goods, Jerash Holdings (US), and Advance Auto Parts. ;'>

Currently, the analyst consensus on The Lovesac Company is a Strong Buy with an average price target of $24.00, implying a 75.2% upside from current levels. In a report released yesterday, Craig-Hallum also maintained a Buy rating on the stock.

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BorgWarner (BWA)

Deutsche Bank analyst Edison Yu reiterated a Buy rating on BorgWarner today and set a price target of $82.00. The company’s shares closed last Thursday at $54.76.

According to TipRanks.com, Yu is a 4-star analyst with an average return of 7.9% and a 37.5% success rate. Yu covers the NA sector, focusing on stocks such as Mobileye Global, Inc. Class A, Dana Incorporated, and Rivian Automotive. ;'>

Currently, the analyst consensus on BorgWarner is a Moderate Buy with an average price target of $68.00, which is a 22.7% upside from current levels. In a report issued on March 13, TipRanks – xAI also upgraded the stock to Buy with a $59.00 price target.

BRP (DOO)

In a report released today, Brian Morrison from TD Cowen maintained a Buy rating on BRP, with a price target of C$119.00. The company’s shares closed last Thursday at $67.24.

According to TipRanks.com, Morrison is a 5-star analyst with an average return of 14.7% and a 57.4% success rate. Morrison covers the NA sector, focusing on stocks such as Martinrea International, Magna International, and Gildan Activewear. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BRP with a $86.89 average price target, a 34.9% upside from current levels. In a report released today, BMO Capital also initiated coverage with a Buy rating on the stock with a C$120.00 price target.

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