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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Sat May 9, 3:24PM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on CCL Industries (CCDBF) and Mercedes-Benz Group (MBGAF) with bullish sentiments.

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CCL Industries (CCDBF)

In a report released today, Daryl Young from Stifel Nicolaus maintained a Buy rating on CCL Industries, with a price target of C$103.00. The company’s shares closed last Friday at $62.15.

According to TipRanks.com, Young is a 4-star analyst with an average return of 6.4% and a 54.1% success rate. Young covers the Industrial Goods sector, focusing on stocks such as Air Canada, Cargojet, and CAE. ;'>

CCL Industries has an analyst consensus of Strong Buy, with a price target consensus of $74.16, a 21.5% upside from current levels. In a report issued on April 30, TipRanks – DeepSeek also upgraded the stock to Buy with a C$96.00 price target.

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Mercedes-Benz Group (MBGAF)

In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Mercedes-Benz Group, with a price target of EUR70.00. The company’s shares closed last Friday at $59.00.

According to TipRanks.com, Asumendi is a 4-star analyst with an average return of 3.1% and a 50.9% success rate. Asumendi covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Ferrari. ;'>

Currently, the analyst consensus on Mercedes-Benz Group is a Moderate Buy with an average price target of $70.48, implying a 19.8% upside from current levels. In a report issued on April 29, Goldman Sachs also maintained a Buy rating on the stock with a EUR66.00 price target.

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