Analysts Are Bullish on Top Consumer Cyclical Stocks: Ferrari (RACE), PVH (PVH)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Ferrari (RACE) and PVH (PVH) with bullish sentiments.
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Ferrari (RACE)
Goldman Sachs analyst Christian Frenes reiterated a Buy rating on Ferrari today and set a price target of EUR382.00. The company’s shares closed last Tuesday at $338.45.
According to TipRanks.com, Frenes is a 1-star analyst with an average return of
Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $449.82, which is a 37.1% upside from current levels. In a report issued on March 20, TipRanks – Google also upgraded the stock to Buy with a EUR311.00 price target.
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PVH (PVH)
In a report released yesterday, Brooke Roach from Goldman Sachs maintained a Buy rating on PVH, with a price target of $83.00. The company’s shares closed last Tuesday at $69.76, close to its 52-week low of $62.94.
According to TipRanks.com, Roach is a 3-star analyst with an average return of
Currently, the analyst consensus on PVH is a Moderate Buy with an average price target of $88.71, which is a 31.6% upside from current levels. In a report issued on March 26, Evercore ISI also maintained a Buy rating on the stock with a $95.00 price target.
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