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Analysts Offer Insights on Consumer Cyclical Companies: Mercedes-Benz Group (OtherMBGAF), Rivian Automotive (RIVN) and Volvo Car AB Class B (OtherVLVOF)

Tipranks - Fri May 1, 8:44PM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Mercedes-Benz Group (MBGAF), Rivian Automotive (RIVN) and Volvo Car AB Class B (VLVOF).

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Mercedes-Benz Group (MBGAF)

In a report issued on April 29, Michael Raab from Kepler Capital maintained a Hold rating on Mercedes-Benz Group, with a price target of EUR57.00. The company’s shares closed last Thursday at $58.29, close to its 52-week low of $53.76.

Raab has an average return of 7.5% when recommending Mercedes-Benz Group. ;'>

According to TipRanks.com, Raab is ranked #669 out of 12214 analysts.

Currently, the analyst consensus on Mercedes-Benz Group is a Moderate Buy with an average price target of $70.39, a 22.6% upside from current levels. In a report issued on April 14, Barclays also maintained a Hold rating on the stock with a EUR55.00 price target.

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Rivian Automotive (RIVN)

In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Sell rating on Rivian Automotive, with a price target of $13.00. The company’s shares closed last Thursday at $16.40.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 60.5% and a 69.9% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Super Micro Computer. ;'>

Currently, the analyst consensus on Rivian Automotive is a Moderate Buy with an average price target of $18.00.

Volvo Car AB Class B (VLVOF)

Kepler Capital analyst Alexandre Raverdy maintained a Hold rating on Volvo Car AB Class B on April 29 and set a price target of SEK23.00. The company’s shares closed last Friday at $2.41.

According to TipRanks.com, Raverdy is ranked #8995 out of 12214 analysts.

Volvo Car AB Class B has an analyst consensus of Hold, with a price target consensus of $2.34, implying a -2.9% downside from current levels. In a report issued on April 20, SEB Enskilda also downgraded the stock to Hold with a SEK26.00 price target.

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