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Analysts Offer Insights on Consumer Cyclical Companies: Lennar (LEN) and Driven Brands Holdings (DRVN)

Tipranks - Tue Jun 16, 6:20AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Lennar (LEN) and Driven Brands Holdings (DRVN).

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Lennar (LEN)

RBC Capital analyst Michael Dahl maintained a Sell rating on Lennar on June 12 and set a price target of $85.00. The company’s shares closed last Friday at $90.30.

According to TipRanks.com, Dahl is a 5-star analyst with an average return of 9.7% and a 60.3% success rate. Dahl covers the Industrial Goods sector, focusing on stocks such as Fortune Brands Innovations, SiteOne Landscape Supply, and Builders Firstsource. ;'>

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Lennar with a $86.55 average price target, which is a -7.1% downside from current levels. In a report issued on June 8, KBW also downgraded the stock to Sell with a $86.00 price target.

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Driven Brands Holdings (DRVN)

In a report released today, Brian McNamara from Canaccord Genuity reiterated a Buy rating on Driven Brands Holdings, with a price target of $18.00. The company’s shares closed last Friday at $13.43.

According to TipRanks.com, McNamara is a 3-star analyst with an average return of 1.8% and a 52.5% success rate. McNamara covers the NA sector, focusing on stocks such as Reynolds Consumer Products, SharkNinja, Inc., and Lifetime Brands. ;'>

Currently, the analyst consensus on Driven Brands Holdings is a Moderate Buy with an average price target of $16.67, representing a 23.0% upside. In a report issued on June 11, RBC Capital also maintained a Buy rating on the stock with a $17.00 price target.

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