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Analysts Offer Insights on Consumer Cyclical Companies: Chipotle (CMG), Myer Holdings Limited (Frankfurt: DE:30M) and Harvey Norman Holdings Ltd (OtherHNORF)

Tipranks - Tipranks - Fri Jun 5, 4:12AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Chipotle (CMG), Myer Holdings Limited (DE:30M) and Harvey Norman Holdings Ltd (HNORF).

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Chipotle (CMG)

Chipotle received a Hold rating and a $37.00 price target from Morgan Stanley analyst Brian Harbour on May 26. The company’s shares closed last Wednesday at $28.74.

According to TipRanks.com, Harbour is a 1-star analyst with an average return of -2.9% and a 46.4% success rate. Harbour covers the NA sector, focusing on stocks such as Black Rock Coffee Bar, Inc. Class A, Brinker International, and Darden Restaurants. ;'>

Currently, the analyst consensus on Chipotle is a Moderate Buy with an average price target of $43.61, representing a 53.0% upside. In a report released yesterday, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $33.00 price target.

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Myer Holdings Limited (DE:30M)

In a report issued on May 29, Allan Franklin from Canaccord Genuity maintained a Buy rating on Myer Holdings Limited, with a price target of A$0.63. The company’s shares closed yesterday at EUR0.12, close to its 52-week low of EUR0.11.

According to TipRanks.com, Franklin is ranked #9837 out of 12292 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Myer Holdings Limited with an EUR0.31 average price target.

Harvey Norman Holdings Ltd (HNORF)

In a report released yesterday, Caleb Wheatley from Macquarie downgraded Harvey Norman Holdings Ltd to Hold, with a price target of A$4.50. The company’s shares closed last Monday at $3.72.

According to TipRanks.com, Wheatley is ranked #7578 out of 12292 analysts.

Currently, the analyst consensus on Harvey Norman Holdings Ltd is a Hold with an average price target of $3.69, a -0.8% downside from current levels. In a report issued on May 19, TipRanks – Anthropic also downgraded the stock to Hold with a A$4.50 price target.

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