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Analysts Offer Insights on Consumer Cyclical Companies: MGM Resorts (MGM), Boot Barn (BOOT) and Lithia Motors (LAD)

Tipranks - Fri Jul 31, 8:54AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on MGM Resorts (MGM), Boot Barn (BOOT) and Lithia Motors (LAD) with bullish sentiments.

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MGM Resorts (MGM)

J.P. Morgan analyst Daniel Politzer maintained a Buy rating on MGM Resorts today and set a price target of $53.00. The company’s shares closed last Thursday at $45.15.

According to TipRanks.com, Politzer is a 4-star analyst with an average return of 7.3% and a 53.0% success rate. Politzer covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Wyndham Hotels & Resorts, and Rush Street Interactive. ;'>

MGM Resorts has an analyst consensus of Hold, with a price target consensus of $49.48, implying a 8.0% upside from current levels. In a report released yesterday, Susquehanna also reiterated a Buy rating on the stock with a $53.00 price target.

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Boot Barn (BOOT)

Craig-Hallum analyst Jeremy Hamblin reiterated a Buy rating on Boot Barn today and set a price target of $235.00. The company’s shares closed last Thursday at $153.19.

According to TipRanks.com, Hamblin is a 5-star analyst with an average return of 10.0% and a 51.1% success rate. Hamblin covers the NA sector, focusing on stocks such as Lucky Strike Entertainment, Savers Value Village Inc., and Red Robin Gourmet. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Boot Barn with a $224.50 average price target, implying a 48.8% upside from current levels. In a report issued on July 16, Citi also maintained a Buy rating on the stock with a $205.00 price target.

Lithia Motors (LAD)

In a report released today, Ryan Sigdahl from Craig-Hallum maintained a Buy rating on Lithia Motors, with a price target of $500.00. The company’s shares closed last Thursday at $404.83, close to its 52-week high of $405.68.

According to TipRanks.com, Sigdahl is a 3-star analyst with an average return of 2.0% and a 42.1% success rate. Sigdahl covers the NA sector, focusing on stocks such as Grandstand Limited, Full House Resorts, and Super Group (SGHC). ;'>

Lithia Motors has an analyst consensus of Moderate Buy, with a price target consensus of $397.45, implying a -7.0% downside from current levels. In a report released today, TipRanks – OpenAI also upgraded the stock to Buy with a $396.00 price target.

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