Analysts Conflicted on These Consumer Cyclical Names: Nio (NIO) and Patrick Industries (PATK)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Nio (NIO – Research Report) and Patrick Industries (PATK – Research Report).
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Nio (NIO)
In a report issued on February 6, Eunice Lee from Bernstein maintained a Hold rating on Nio, with a price target of $5.50. The company’s shares closed last Friday at $5.04.
According to TipRanks.com, Lee is a 3-star analyst with an average return of
Currently, the analyst consensus on Nio is a Moderate Buy with an average price target of $6.17, representing a 23.6% upside. In a report issued on February 5, Bank of America Securities also maintained a Hold rating on the stock with a $6.70 price target.
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Patrick Industries (PATK)
Roth MKM analyst Scott Stember reiterated a Buy rating on Patrick Industries today and set a price target of $157.00. The company’s shares closed last Friday at $140.85.
According to TipRanks.com, Stember is a 5-star analyst with an average return of
Currently, the analyst consensus on Patrick Industries is a Strong Buy with an average price target of $151.40, implying a 7.7% upside from current levels. In a report issued on January 26, TipRanks – Anthropic also upgraded the stock to Buy with a $142.00 price target.
