Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Rivian Automotive (RIVN) and Lennar (LEN)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Rivian Automotive (RIVN – Research Report) and Lennar (LEN – Research Report).
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Rivian Automotive (RIVN)
In a report released today, Vijay Rakesh from Mizuho Securities upgraded Rivian Automotive to Buy, with a price target of $25.00. The company’s shares closed last Wednesday at $17.63, close to its 52-week high of $18.86.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of
Currently, the analyst consensus on Rivian Automotive is a Hold with an average price target of $15.78, implying a -12.8% downside from current levels. In a report released today, Robert W. Baird also upgraded the stock to Buy with a $25.00 price target.
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Lennar (LEN)
Oppenheimer analyst Tyler Batory maintained a Hold rating on Lennar today. The company’s shares closed last Wednesday at $112.23, close to its 52-week low of $111.26.
According to TipRanks.com, Batory is a 3-star analyst with an average return of
Currently, the analyst consensus on Lennar is a Moderate Sell with an average price target of $110.38, implying a -2.9% downside from current levels. In a report issued on December 12, Citi also maintained a Hold rating on the stock with a $133.00 price target.
