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Analysts’ Top Consumer Cyclical Picks: Home Depot (HD), Nike (NKE)

Tipranks - Tipranks - Thu Mar 26, 5:12AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Home Depot (HD) and Nike (NKE) with bullish sentiments.

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Home Depot (HD)

In a report released yesterday, Steven Zaccone from Citi maintained a Buy rating on Home Depot, with a price target of $450.00. The company’s shares closed last Tuesday at $330.91, close to its 52-week low of $323.77.

According to TipRanks.com, Zaccone is a 3-star analyst with an average return of 2.2% and a 49.5% success rate. Zaccone covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Floor & Decor Holdings, and Williams-Sonoma. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Home Depot with a $423.11 average price target, representing a 29.8% upside. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $454.00 price target.

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Nike (NKE)

In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on Nike, with a price target of $73.00. The company’s shares closed last Tuesday at $53.49.

According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 1.3% and a 50.0% success rate. Hutchinson covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Birkenstock Holding plc, and Lululemon Athletica. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $73.87 average price target, representing a 41.1% upside. In a report issued on March 18, Bernstein also maintained a Buy rating on the stock with a $85.00 price target.

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