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Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Ferrari (RACE) and PDD Holdings (PDD)

Tipranks - Fri May 29, 1:48AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Ferrari (RACE) and PDD Holdings (PDD).

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Ferrari (RACE)

In a report released today, Zuzanna Pusz from UBS maintained a Buy rating on Ferrari. The company’s shares closed last Wednesday at $333.22.

According to TipRanks.com, Pusz is ranked #2440 out of 12270 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ferrari with a $449.65 average price target, representing a 36.9% upside. In a report issued on May 25, Barclays also maintained a Buy rating on the stock with a EUR355.00 price target.

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PDD Holdings (PDD)

DBS analyst Sachin Mittal maintained a Hold rating on PDD Holdings today and set a price target of $117.10. The company’s shares closed last Wednesday at $86.61.

According to TipRanks.com, Mittal is a 5-star analyst with an average return of 20.0% and a 66.8% success rate. Mittal covers the Technology sector, focusing on stocks such as Accenture, Cognizant, and Microsoft. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PDD Holdings with a $127.35 average price target, which is a 43.6% upside from current levels. In a report released yesterday, Macquarie also downgraded the stock to Hold with a $87.00 price target.

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