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Analysts Offer Insights on Consumer Cyclical Companies: Ferrari (RACE) and Red Rock Resorts (RRR)

Tipranks - Tipranks - Tue Jul 7, 1:26AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Ferrari (RACE) and Red Rock Resorts (RRR) with bullish sentiments.

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Ferrari (RACE)

Jefferies analyst James Grzinic maintained a Buy rating on Ferrari today and set a price target of EUR380.00. The company’s shares closed last Thursday at $384.97.

Grzinic has an average return of 12.6% when recommending Ferrari. ;'>

According to TipRanks.com, Grzinic is ranked #2257 out of 12356 analysts.

Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $445.58, which is a 17.3% upside from current levels. In a report issued on June 22, Deutsche Bank also maintained a Buy rating on the stock with a EUR460.00 price target.

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Red Rock Resorts (RRR)

In a report issued on July 3, James Hardiman from Citi maintained a Buy rating on Red Rock Resorts, with a price target of $73.00. The company’s shares closed last Thursday at $65.60.

According to TipRanks.com, Hardiman is a 4-star analyst with an average return of 6.7% and a 46.6% success rate. Hardiman covers the NA sector, focusing on stocks such as Camping World Holdings, Caesars Entertainment, and Norwegian Cruise Line. ;'>

Red Rock Resorts has an analyst consensus of Strong Buy, with a price target consensus of $69.00, a 7.3% upside from current levels. In a report issued on June 26, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $72.00 price target.

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