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Analysts Offer Insights on Consumer Cyclical Companies: Best Buy Co (BBY), Red Rock Resorts (RRR) and On Holding AG (ONON)

Tipranks - Tipranks - Sat May 30, 6:52AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Best Buy Co (BBY), Red Rock Resorts (RRR) and On Holding AG (ONON).

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Best Buy Co (BBY)

In a report released today, Scot Ciccarelli from Truist Financial maintained a Hold rating on Best Buy Co, with a price target of $81.00. The company’s shares closed last Thursday at $74.74, close to its 52-week low of $69.29.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 15.0% and a 67.7% success rate. Ciccarelli covers the NA sector, focusing on stocks such as Genuine Parts Company, Accel Entertainment, and Advance Auto Parts. ;'>

Best Buy Co has an analyst consensus of Hold, with a price target consensus of $75.38, implying an 8.1% upside from current levels. In a report released today, UBS also downgraded the stock to Hold with a $86.00 price target.

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Red Rock Resorts (RRR)

In a report released today, Steven Wieczynski from Stifel Nicolaus maintained a Buy rating on Red Rock Resorts, with a price target of $70.00. The company’s shares closed last Thursday at $57.78.

According to TipRanks.com, Wieczynski is a 5-star analyst with an average return of 12.2% and a 52.2% success rate. Wieczynski covers the NA sector, focusing on stocks such as Six Flags Entertainment Corporation, Lindblad Expeditions Holdings, and Lucky Strike Entertainment. ;'>

Currently, the analyst consensus on Red Rock Resorts is a Strong Buy with an average price target of $68.69.

On Holding AG (ONON)

Stifel Nicolaus analyst Peter McGoldrick maintained a Buy rating on On Holding AG today and set a price target of $60.00. The company’s shares closed last Thursday at $39.75.

According to TipRanks.com, McGoldrick is a 3-star analyst with an average return of 3.5% and a 58.9% success rate. McGoldrick covers the NA sector, focusing on stocks such as Birkenstock Holding plc, Wolverine World Wide, and Lululemon Athletica. ;'>

Currently, the analyst consensus on On Holding AG is a Strong Buy with an average price target of $50.88, which is a 29.8% upside from current levels. In a report issued on May 14, TipRanks – OpenAI also upgraded the stock to Buy with a $39.00 price target.

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