Analysts Are Bullish on Top Consumer Cyclical Stocks: Mercadolibre (MELI), Capri Holdings (CPRI)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Mercadolibre (MELI – Research Report), Capri Holdings (CPRI – Research Report) and Ball (BALL – Research Report) with bullish sentiments.
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Mercadolibre (MELI)
In a report released today, Marvin Fong from BTIG reiterated a Buy rating on Mercadolibre, with a price target of $2750.00. The company’s shares closed last Tuesday at $2099.90.
According to TipRanks.com, Fong is a 4-star analyst with an average return of
Currently, the analyst consensus on Mercadolibre is a Strong Buy with an average price target of $2814.29, a 31.2% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $2900.00 price target.
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Capri Holdings (CPRI)
J.P. Morgan analyst Matthew Boss maintained a Buy rating on Capri Holdings today and set a price target of $30.00. The company’s shares closed last Tuesday at $20.08, close to its 52-week low of $18.53.
According to TipRanks.com, Boss is a 5-star analyst with an average return of
Currently, the analyst consensus on Capri Holdings is a Moderate Buy with an average price target of $26.46, representing a 16.0% upside. In a report issued on January 22, TD Cowen also upgraded the stock to Buy with a $32.00 price target.
Ball (BALL)
In a report released yesterday, Arun Viswanathan from RBC Capital maintained a Buy rating on Ball, with a price target of $74.00. The company’s shares closed last Tuesday at $61.77.
According to TipRanks.com, Viswanathan is a 3-star analyst with an average return of
Currently, the analyst consensus on Ball is a Moderate Buy with an average price target of $67.18, implying a 13.0% upside from current levels. In a report released yesterday, TipRanks – Google also upgraded the stock to Buy with a $65.00 price target.
