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Analysts Offer Insights on Consumer Cyclical Companies: Tesla (TSLA) and PENN Entertainment (PENN)

Tipranks - Wed Jan 7, 5:52AM CST

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Tesla (TSLAResearch Report) and PENN Entertainment (PENNResearch Report).

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Tesla (TSLA)

In a report released today, Markus Leistner from DZ BANK AG maintained a Sell rating on Tesla. The company’s shares closed last Monday at $451.67, close to its 52-week high of $488.54.

According to TipRanks.com, Leistner is ranked #1268 out of 10186 analysts.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $393.89, which is a -12.1% downside from current levels. In a report issued on December 22, UBS also maintained a Sell rating on the stock with a $247.00 price target.

See the top stocks recommended by analysts >>

PENN Entertainment (PENN)

Stifel Nicolaus analyst Jeffrey Stantial reiterated a Buy rating on PENN Entertainment yesterday and set a price target of $21.00. The company’s shares closed last Monday at $15.14.

According to TipRanks.com, Stantial is a 1-star analyst with an average return of -3.4% and a 38.7% success rate. Stantial covers the NA sector, focusing on stocks such as Pursuit Attractions and Hospitality, Monarch Casino & Resort, and Bally’s Corporation. ;'>

Currently, the analyst consensus on PENN Entertainment is a Moderate Buy with an average price target of $19.38.

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