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Analysts Offer Insights on Consumer Cyclical Companies: Amazon (AMZN), International Paper Co (IP) and Codere Online (CDRO)

Tipranks - Sat Aug 1, 6:46AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Amazon (AMZN), International Paper Co (IP) and Codere Online (CDRO).

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Amazon (AMZN)

Morgan Stanley analyst Brian Nowak maintained a Buy rating on Amazon today and set a price target of $335.00. The company’s shares closed last Thursday at $235.50, close to its 52-week high of $242.52.

According to TipRanks.com, Nowak is a 4-star analyst with an average return of 5.3% and a 56.4% success rate. Nowak covers the NA sector, focusing on stocks such as Reddit Inc Class A, Alphabet Class A, and Meta Platforms. ;'>

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $329.30, which is a 41.1% upside from current levels. In a report issued on July 16, KeyBanc also maintained a Buy rating on the stock with a $335.00 price target.

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International Paper Co (IP)

Truist Financial analyst Michael Roxland reiterated a Buy rating on International Paper Co today and set a price target of $49.00. The company’s shares closed last Thursday at $43.15.

According to TipRanks.com, Roxland is a 4-star analyst with an average return of 5.0% and a 57.1% success rate. Roxland covers the NA sector, focusing on stocks such as Ardagh Metal Packaging, Graphic Packaging, and Smurfit Westrock. ;'>

Currently, the analyst consensus on International Paper Co is a Strong Buy with an average price target of $47.44, implying a 7.8% upside from current levels. In a report issued on July 28, J.P. Morgan also upgraded the stock to Buy with a $61.00 price target.

Codere Online (CDRO)

Stifel Nicolaus analyst Jeffrey Stantial maintained a Hold rating on Codere Online today and set a price target of $10.00. The company’s shares closed last Thursday at $9.27.

According to TipRanks.com, Stantial has 0 stars on 0-5 stars ranking scale with an average return of -6.8% and a 33.3% success rate. Stantial covers the NA sector, focusing on stocks such as Pursuit Attractions and Hospitality, Monarch Casino & Resort, and Brightstar Lottery. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Codere Online with a $12.00 average price target, which is a 26.4% upside from current levels. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $10.00 price target.

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