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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Tipranks - Thu Jun 11, 9:00PM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Sweetgreen (SG) and BYD Co (BYDDF) with bullish sentiments.

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Sweetgreen (SG)

In a report issued on June 9, Logan Reich from RBC Capital maintained a Buy rating on Sweetgreen, with a price target of $7.00. The company’s shares closed last Wednesday at $8.60.

According to TipRanks.com, Reich has 0 stars on 0-5 stars ranking scale with an average return of -11.0% and a 45.4% success rate. Reich covers the NA sector, focusing on stocks such as Restaurant Brands International, Life Time Group Holdings, and CAVA Group, Inc. ;'>

Sweetgreen has an analyst consensus of Hold, with a price target consensus of $7.55.

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BYD Co (BYDDF)

UBS analyst Paul Gong maintained a Buy rating on BYD Co on June 9 and set a price target of HK$128.00. The company’s shares closed last Wednesday at $11.05.

According to TipRanks.com, Gong is ranked #2670 out of 12296 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for BYD Co with a $16.25 average price target, which is a 45.7% upside from current levels. In a report issued on May 29, DBS also maintained a Buy rating on the stock with a HK$135.00 price target.

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