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Analysts Conflicted on These Consumer Cyclical Names: Kontoor Brands (KTB), Amazon (AMZN) and Mitsubishi Motors (OtherMMTOF)

Tipranks - Tue Jun 2, 6:04AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Kontoor Brands (KTB), Amazon (AMZN) and Mitsubishi Motors (MMTOF).

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Kontoor Brands (KTB)

In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Kontoor Brands, with a price target of $100.00. The company’s shares closed last Friday at $71.77.

According to TipRanks.com, Boruchow is a 2-star analyst with an average return of 0.5% and a 46.6% success rate. Boruchow covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Dick’s Sporting Goods, and Canada Goose Holdings. ;'>

Currently, the analyst consensus on Kontoor Brands is a Moderate Buy with an average price target of $97.00, representing a 32.8% upside. In a report issued on May 17, TipRanks – OpenAI also upgraded the stock to Buy with a $68.00 price target.

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Amazon (AMZN)

In a report released today, Justin Post from Bank of America Securities reiterated a Buy rating on Amazon, with a price target of $310.00. The company’s shares closed last Friday at $270.64.

According to TipRanks.com, Post is a 5-star analyst with an average return of 21.7% and a 62.7% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, DoorDash, and Expedia. ;'>

Amazon has an analyst consensus of Strong Buy, with a price target consensus of $319.14, implying a 17.6% upside from current levels. In a report issued on May 20, William Blair also maintained a Buy rating on the stock.

Mitsubishi Motors (MMTOF)

Goldman Sachs analyst Kota Yuzawa maintained a Sell rating on Mitsubishi Motors today and set a price target of Yen360.00. The company’s shares closed last Tuesday at $2.56, close to its 52-week low of $2.36.

According to TipRanks.com, Yuzawa is a 4-star analyst with an average return of 8.4% and a 53.1% success rate. Yuzawa covers the NA sector, focusing on stocks such as Sumitomo Rubber Industries, Yokohama Rubber Co, and Yamaha Motor Co. ;'>

Currently, the analyst consensus on Mitsubishi Motors is a Hold with an average price target of $2.18, implying a -14.8% downside from current levels. In a report issued on May 23, TipRanks – Anthropic also reiterated a Sell rating on the stock with a Yen347.00 price target.

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