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Analysts Conflicted on These Consumer Cyclical Names: LKQ (LKQ) and Ferrari (RACE)

Tipranks - Tue May 5, 4:12AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on LKQ (LKQ) and Ferrari (RACE).

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LKQ (LKQ)

In a report released today, John Babcock from Barclays maintained a Hold rating on LKQ, with a price target of $33.00. The company’s shares closed last Friday at $28.51.

According to TipRanks.com, Babcock is a 4-star analyst with an average return of 15.0% and a 58.9% success rate. Babcock covers the NA sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Sonic Automotive. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for LKQ with a $40.13 average price target, a 28.1% upside from current levels. In a report issued on April 30, TipRanks – xAI also reiterated a Hold rating on the stock with a $33.00 price target.

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Ferrari (RACE)

Bernstein analyst Stephen Reitman maintained a Buy rating on Ferrari today. The company’s shares closed last Friday at $341.26.

According to TipRanks.com, Reitman is a 3-star analyst with an average return of 2.2% and a 36.9% success rate. Reitman covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Stellantis. ;'>

Ferrari has an analyst consensus of Strong Buy, with a price target consensus of $461.57, implying a 33.1% upside from current levels. In a report issued on April 21, RBC Capital also maintained a Buy rating on the stock with a EUR430.00 price target.

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