This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: PDD Holdings (PDD) and Abercrombie Fitch (ANF)

Tipranks - Fri May 29, 6:20AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on PDD Holdings (PDD) and Abercrombie Fitch (ANF).

Memorial Day Sale – Claim 70% Off TipRanks

PDD Holdings (PDD)

In a report released today, Saiyi He from CMB International Securities maintained a Buy rating on PDD Holdings, with a price target of $154.80. The company’s shares closed last Wednesday at $86.61.

According to TipRanks.com, He is a 4-star analyst with an average return of 5.8% and a 45.9% success rate. He covers the NA sector, focusing on stocks such as Tencent Music Entertainment Group, Kanzhun Ltd Sponsored, and Tencent Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PDD Holdings with a $121.49 average price target, representing a 37.0% upside. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a $129.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Abercrombie Fitch (ANF)

J.P. Morgan analyst Matthew Boss maintained a Hold rating on Abercrombie Fitch today and set a price target of $110.00. The company’s shares closed last Wednesday at $81.42, close to its 52-week low of $74.31.

According to TipRanks.com, Boss is a 4-star analyst with an average return of 6.5% and a 52.6% success rate. Boss covers the NA sector, focusing on stocks such as Six Flags Entertainment Corporation, Lucky Strike Entertainment, and Savers Value Village Inc. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Abercrombie Fitch with a $116.11 average price target, implying a 43.9% upside from current levels. In a report issued on May 13, TipRanks – OpenAI also downgraded the stock to Hold with a $79.00 price target.

Read More on PDD:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.