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Analysts Offer Insights on Consumer Cyclical Companies: Magna International (MGA) and Holley (HLLY)

Tipranks - Tue May 5, 8:28AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Magna International (MGA) and Holley (HLLY).

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Magna International (MGA)

In a report released yesterday, Mark Delaney from Goldman Sachs maintained a Sell rating on Magna International, with a price target of $52.00. The company’s shares closed last Friday at $60.83.

According to TipRanks.com, Delaney is a 5-star analyst with an average return of 23.0% and a 64.7% success rate. Delaney covers the Technology sector, focusing on stocks such as Keysight Technologies, TE Connectivity, and Cerence. ;'>

Magna International has an analyst consensus of Moderate Buy, with a price target consensus of $61.89.

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Holley (HLLY)

Canaccord Genuity analyst Brian McNamara reiterated a Buy rating on Holley today and set a price target of $8.00. The company’s shares closed last Friday at $3.10.

According to TipRanks.com, McNamara is a 2-star analyst with an average return of 0.3% and a 50.7% success rate. McNamara covers the NA sector, focusing on stocks such as Reynolds Consumer Products, Driven Brands Holdings, and SharkNinja, Inc. ;'>

Currently, the analyst consensus on Holley is a Strong Buy with an average price target of $5.83, an 80.8% upside from current levels. In a report issued on April 29, Telsey Advisory also maintained a Buy rating on the stock with a $5.00 price target.

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