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Analysts Offer Insights on Consumer Cyclical Companies: Best Buy Co (BBY), Meituan (OtherMPNGF) and General Motors (GM)

Tipranks - Tipranks - Wed Jun 3, 7:40AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Best Buy Co (BBY), Meituan (MPNGF) and General Motors (GM) with bullish sentiments.

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Best Buy Co (BBY)

D.A. Davidson analyst Michael Baker maintained a Buy rating on Best Buy Co today. The company’s shares closed last Monday at $74.98, close to its 52-week low of $69.29.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 6.1% and a 55.1% success rate. Baker covers the NA sector, focusing on stocks such as Dick’s Sporting Goods, The Lovesac Company, and Advance Auto Parts. ;'>

Currently, the analyst consensus on Best Buy Co is a Hold with an average price target of $76.50, a -0.1% downside from current levels. In a report issued on May 28, TipRanks – PerPlexity also upgraded the stock to Buy with a $75.00 price target.

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Meituan (MPNGF)

CMB International Securities analyst Saiyi He maintained a Buy rating on Meituan today and set a price target of HK$138.00. The company’s shares closed last Monday at $10.18.

According to TipRanks.com, He is a 4-star analyst with an average return of 6.3% and a 46.4% success rate. He covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, Kanzhun Ltd Sponsored, and Tencent Holdings. ;'>

Meituan has an analyst consensus of Strong Buy, with a price target consensus of $14.61, representing a 47.7% upside. In a report released today, Benchmark Co. also upgraded the stock to Buy with a HK$110.00 price target.

General Motors (GM)

In a report released today, Daniel Ives from Wedbush maintained a Buy rating on General Motors, with a price target of $95.00. The company’s shares closed last Monday at $82.68.

According to TipRanks.com, Ives is a 5-star analyst with an average return of 19.7% and a 58.6% success rate. Ives covers the Technology sector, focusing on stocks such as International Business Machines, Palantir Technologies, and Rubrik, Inc. Class A. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Motors with a $97.65 average price target, a 17.0% upside from current levels. In a report issued on May 29, Citi also assigned a Buy rating to the stock with a $131.00 price target.

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