This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Are Bullish on Top Consumer Cyclical Stocks: Mercedes-Benz Group (MBGAF), Patrick Industries (PATK)

Tipranks - Wed May 6, 7:24AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Mercedes-Benz Group (MBGAF), Patrick Industries (PATK) and Stellantis (STLA) with bullish sentiments.

Claim 55% Off TipRanks

Mercedes-Benz Group (MBGAF)

In a report released today, Tim Rokossa from Deutsche Bank maintained a Buy rating on Mercedes-Benz Group, with a price target of EUR74.00. The company’s shares closed last Monday at $56.00, close to its 52-week low of $53.76.

Rokossa has an average return of 3.6% when recommending Mercedes-Benz Group. ;'>

According to TipRanks.com, Rokossa is ranked #3667 out of 12228 analysts.

Mercedes-Benz Group has an analyst consensus of Moderate Buy, with a price target consensus of $70.44, representing a 23.6% upside. In a report issued on April 29, J.P. Morgan also maintained a Buy rating on the stock with a EUR70.00 price target.

See the top stocks recommended by analysts >>

Patrick Industries (PATK)

In a report released today, Gregory Miller from Truist Financial maintained a Buy rating on Patrick Industries. The company’s shares closed last Monday at $85.13.

According to TipRanks.com, Miller is a 5-star analyst with an average return of 12.8% and a 74.8% success rate. Miller covers the NA sector, focusing on stocks such as Lucky Strike Entertainment, MasterCraft Boat Holdings, and OneSpaWorld Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Patrick Industries with a $119.43 average price target, representing a 36.2% upside. In a report issued on April 20, TipRanks – xAI also upgraded the stock to Buy with a $120.00 price target.

Stellantis (STLA)

DZ BANK AG analyst Matthias Volkert maintained a Buy rating on Stellantis today. The company’s shares closed last Monday at $7.08.

Volkert has an average return of 7.7% when recommending Stellantis. ;'>

According to TipRanks.com, Volkert is ranked #6598 out of 12228 analysts.

Currently, the analyst consensus on Stellantis is a Moderate Buy with an average price target of $9.26, a 27.9% upside from current levels. In a report issued on May 1, Freedom Capital Markets also upgraded the stock to Buy with a $8.50 price target.

Read More on MBGAF:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.