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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Sat Mar 28, 5:52AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on TJX Companies (TJX) and Deckers Outdoor (DECK) with bullish sentiments.

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TJX Companies (TJX)

Bank of America Securities analyst Lorraine Hutchinson maintained a Buy rating on TJX Companies today and set a price target of $175.00. The company’s shares closed last Thursday at $157.57.

According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 1.3% and a 50.0% success rate. Hutchinson covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Birkenstock Holding plc, and Lululemon Athletica. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TJX Companies with a $177.00 average price target, a 10.9% upside from current levels. In a report released yesterday, Bernstein also maintained a Buy rating on the stock with a $175.00 price target.

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Deckers Outdoor (DECK)

Citi analyst Paul Lejuez maintained a Buy rating on Deckers Outdoor today and set a price target of $135.00. The company’s shares closed last Thursday at $93.69.

According to TipRanks.com, Lejuez is a 5-star analyst with an average return of 11.3% and a 57.7% success rate. Lejuez covers the NA sector, focusing on stocks such as National Vision Holdings, Birkenstock Holding plc, and Dick’s Sporting Goods. ;'>

Deckers Outdoor has an analyst consensus of Moderate Buy, with a price target consensus of $124.47, a 24.8% upside from current levels. In a report issued on March 13, TipRanks – xAI also reiterated a Buy rating on the stock with a $117.00 price target.

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