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Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Macy’s (M) and Sumitomo Rubber Industries (OtherSMTUF)

Tipranks - Fri Mar 20, 5:42AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Macy’s (M) and Sumitomo Rubber Industries (SMTUF).

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Macy’s (M)

UBS analyst Jay Sole reiterated a Sell rating on Macy’s yesterday and set a price target of $9.00. The company’s shares closed last Wednesday at $17.72.

According to TipRanks.com, Sole is a 4-star analyst with an average return of 4.6% and a 47.3% success rate. Sole covers the NA sector, focusing on stocks such as Birkenstock Holding plc, Canada Goose Holdings, and Lululemon Athletica. ;'>

Currently, the analyst consensus on Macy’s is a Hold with an average price target of $19.17.

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Sumitomo Rubber Industries (SMTUF)

In a report released today, Akira Kishimoto from J.P. Morgan maintained a Hold rating on Sumitomo Rubber Industries, with a price target of Yen2100.00. The company’s shares closed last Friday at $16.36.

According to TipRanks.com, Kishimoto is a 4-star analyst with an average return of 10.2% and a 66.7% success rate. Kishimoto covers the NA sector, focusing on stocks such as Koito Manufacturing Co, Nissan Motor Co, and Honda Motor Co. ;'>

Currently, the analyst consensus on Sumitomo Rubber Industries is a Moderate Buy with an average price target of $16.45, implying a 0.6% upside from current levels. In a report issued on March 11, TipRanks – Anthropic also reiterated a Hold rating on the stock with a Yen2258.00 price target.

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