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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Thu May 28, 10:04AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Global-e Online (GLBE) and Modine (MOD) with bullish sentiments.

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Global-e Online (GLBE)

In a report released yesterday, Will Nance from Goldman Sachs maintained a Buy rating on Global-e Online, with a price target of $45.00. The company’s shares closed last Wednesday at $29.10, close to its 52-week low of $28.11.

According to TipRanks.com, Nance is ranked 0 out of 5 stars with an average return of -7.7% and a 42.0% success rate. Nance covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and Paymentus Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global-e Online with a $42.88 average price target, representing a 46.6% upside. In a report issued on May 12, TipRanks – Google also upgraded the stock to Buy with a $33.00 price target.

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Modine (MOD)

In a report released today, Matt Summerville from D.A. Davidson reiterated a Buy rating on Modine. The company’s shares closed last Wednesday at $272.28.

According to TipRanks.com, Summerville is a 5-star analyst with an average return of 16.3% and a 54.3% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Napco Security Technologies, A. O. Smith Corporation, and Alta Equipment Group. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Modine with a $306.80 average price target, implying a 1.7% upside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $336.00 price target.

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