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Analysts Are Bullish on These Consumer Cyclical Stocks: Stellantis (STLA), Mercedes-Benz Group (MBGAF)

Tipranks - Wed Jun 3, 1:32AM CDT

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

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Stellantis (STLA)

In a report released today, Romain Gourvil from Berenberg Bank maintained a Buy rating on Stellantis, with a price target of EUR7.80. The company’s shares closed last Monday at $7.82.

According to TipRanks.com, Gourvil is a 3-star analyst with an average return of 1.4% and a 46.4% success rate. Gourvil covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mobileye Global, Inc. Class A, and Mercedes-Benz Group. ;'>

Currently, the analyst consensus on Stellantis is a Moderate Buy with an average price target of $8.87, representing a 13.4% upside. In a report issued on May 18, J.P. Morgan also maintained a Buy rating on the stock with a EUR10.00 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 Monday at $60.11.

According to TipRanks.com, Asumendi is a 4-star analyst with an average return of 3.0% and a 51.8% success rate. Asumendi covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Ferrari. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mercedes-Benz Group with a $69.70 average price target, which is a 15.7% upside from current levels. In a report issued on May 29, TipRanks – Google also upgraded the stock to Buy with a EUR59.00 price target.

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