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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Tipranks - Mon May 4, 6:20AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Gildan Activewear (GIL) and Magna International (MGA) with bullish sentiments.

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Gildan Activewear (GIL)

Scotiabank analyst John Zamparo maintained a Buy rating on Gildan Activewear on May 1 and set a price target of $74.00. The company’s shares closed last Friday at $61.51.

Zamparo has an average return of 11.5% when recommending Gildan Activewear. ;'>

According to TipRanks.com, Zamparo is ranked #6541 out of 12227 analysts.

Gildan Activewear has an analyst consensus of Strong Buy, with a price target consensus of $79.86, which is a 29.6% upside from current levels. In a report issued on April 22, Stifel Nicolaus also maintained a Buy rating on the stock with a $80.00 price target.

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Magna International (MGA)

In a report issued on May 1, Jonathan Goldman from Scotiabank maintained a Buy rating on Magna International, with a price target of $72.00. The company’s shares closed last Friday at $60.83.

According to TipRanks.com, Goldman is a 4-star analyst with an average return of 14.0% and a 56.7% success rate. Goldman covers the NA sector, focusing on stocks such as Boyd Group Services, CCL Industries, and Cascades. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $62.17 average price target, which is a 0.4% upside from current levels. In a report issued on April 21, Canaccord Genuity also maintained a Buy rating on the stock with a C$6.00 price target.

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