Analysts Are Bullish on Top Consumer Cyclical Stocks: Nike (NKE), Ferrari (RACE)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Nike (NKE), Ferrari (RACE) and RH (RH) with bullish sentiments.
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Nike (NKE)
In a report released yesterday, Robert Drbul from BTIG maintained a Buy rating on Nike, with a price target of $75.00. The company’s shares closed last Tuesday at $52.82.
According to TipRanks.com, Drbul is a 4-star analyst with an average return of
Nike has an analyst consensus of Moderate Buy, with a price target consensus of $69.00, a 32.9% upside from current levels. In a report issued on March 16, Barclays also upgraded the stock to Buy with a $73.00 price target.
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Ferrari (RACE)
Berenberg Bank analyst Michael Filatov maintained a Buy rating on Ferrari today and set a price target of EUR381.00. The company’s shares closed last Tuesday at $338.45.
According to TipRanks.com, Filatov has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $447.14, which is a 36.3% 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.
RH (RH)
Wells Fargo analyst Zachary Fadem maintained a Buy rating on RH yesterday and set a price target of $180.00. The company’s shares closed last Tuesday at $139.82.
According to TipRanks.com, Fadem is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RH with a $180.83 average price target, implying a 33.3% upside from current levels. In a report released today, Morgan Stanley also maintained a Buy rating on the stock with a $240.00 price target.
Read More on NKE:
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- Goldman ‘incrementally cautious’ on Nike post results, downgrades shares
- Nike downgraded to Neutral from Buy at Goldman Sachs
- Nike price target lowered to $67 from $73 at Barclays
- Nike price target lowered to $53 from $65 at Citi
- Nike: Earnings Beat but Weak Demand and Cautious Outlook Justify Hold Rating
