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Analysts Offer Insights on Consumer Cyclical Companies: Boot Barn (BOOT), Weichai Power Co (OtherWEICF) and Magna International (MGA)

Tipranks - Tue May 5, 6:20AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Boot Barn (BOOT), Weichai Power Co (WEICF) and Magna International (MGA).

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Boot Barn (BOOT)

In a report released today, Steven Zaccone from Citi maintained a Buy rating on Boot Barn, with a price target of $169.00. The company’s shares closed last Friday at $171.47, close to its 52-week high of $176.64.

According to TipRanks.com, Zaccone is a 3-star analyst with an average return of 1.3% and a 48.3% success rate. Zaccone covers the NA sector, focusing on stocks such as Petco Health and Wellness Company, Floor & Decor Holdings, and Williams-Sonoma. ;'>

Boot Barn has an analyst consensus of Strong Buy, with a price target consensus of $231.60, which is a 35.5% upside from current levels. In a report issued on April 21, Craig-Hallum also maintained a Buy rating on the stock.

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Weichai Power Co (WEICF)

In a report released today, Wayne Fung from CMB International Securities reiterated a Buy rating on Weichai Power Co, with a price target of HK$45.10. The company’s shares closed last Friday at $5.14.

Fung has an average return of 18.8% when recommending Weichai Power Co. ;'>

According to TipRanks.com, Fung is ranked #1577 out of 12226 analysts.

Currently, the analyst consensus on Weichai Power Co is a Strong Buy with an average price target of $4.92, which is a -4.7% downside from current levels. In a report issued on April 24, TipRanks – xAI also upgraded the stock to Buy with a HK$40.00 price target.

Magna International (MGA)

In a report released today, Colin Langan from Wells Fargo maintained a Hold rating on Magna International, with a price target of $62.00. The company’s shares closed last Friday at $60.83.

According to TipRanks.com, Langan is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.5% and a 48.2% success rate. Langan covers the NA sector, focusing on stocks such as Rivian Automotive, Dana Incorporated, and Versigent Limited. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Magna International with a $62.39 average price target, implying a 0.7% upside from current levels. In a report released today, TipRanks – xAI also downgraded the stock to Hold with a C$88.00 price target.

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