Analysts Offer Insights on Consumer Cyclical Companies: Lucky Strike Entertainment (LUCK), CarGurus (CARG) and Melco Resorts & Entertainment (MLCO)
Analysts fell to the sidelines weighing in on Lucky Strike Entertainment (LUCK – Research Report), CarGurus (CARG – Research Report) and Melco Resorts & Entertainment (MLCO – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Lucky Strike Entertainment (LUCK)
In a report issued on May 9, Matthew Boss from J.P. Morgan maintained a Hold rating on Lucky Strike Entertainment, with a price target of $9.00. The company’s shares closed last Friday at $8.77.
According to TipRanks.com, Boss is a 1-star analyst with an average return of
Currently, the analyst consensus on Lucky Strike Entertainment is a Strong Buy with an average price target of $14.80, representing an 82.5% upside. In a report released today, Roth MKM also downgraded the stock to Hold with a $9.00 price target.
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CarGurus (CARG)
J.P. Morgan analyst Rajat Gupta CFA maintained a Hold rating on CarGurus on May 9 and set a price target of $36.00. The company’s shares closed last Friday at $31.08.
According to TipRanks.com, CFA is a 5-star analyst with an average return of
Currently, the analyst consensus on CarGurus is a Strong Buy with an average price target of $38.67, implying a 22.1% upside from current levels. In a report issued on May 9, UBS also maintained a Hold rating on the stock with a $33.00 price target.
Melco Resorts & Entertainment (MLCO)
J.P. Morgan analyst Ds Kim maintained a Hold rating on Melco Resorts & Entertainment on May 8 and set a price target of $6.50. The company’s shares closed last Friday at $5.99.
According to TipRanks.com, Kim is a 4-star analyst with an average return of
Melco Resorts & Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $6.64, a 10.7% upside from current levels. In a report issued on April 23, CICC also downgraded the stock to Hold.
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