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Analysts Offer Insights on Consumer Cyclical Companies: International Paper Co (IP), Tapestry (TPR) and DraftKings (DKNG)

Tipranks - Tipranks - Tue Jun 9, 5:16AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on International Paper Co (IP), Tapestry (TPR) and DraftKings (DKNG) with bullish sentiments.

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International Paper Co (IP)

In a report released yesterday, Gabrial Hajde from Wells Fargo maintained a Buy rating on International Paper Co, with a price target of $39.00. The company’s shares closed last Friday at $33.61, close to its 52-week low of $33.16.

According to TipRanks.com, Hajde is a 3-star analyst with an average return of 1.7% and a 54.7% success rate. Hajde covers the NA sector, focusing on stocks such as Ardagh Metal Packaging, Graphic Packaging, and Smurfit Westrock. ;'>

International Paper Co has an analyst consensus of Moderate Buy, with a price target consensus of $39.11, which is a 16.6% upside from current levels. In a report issued on May 26, Bank of America Securities also maintained a Buy rating on the stock with a $44.00 price target.

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Tapestry (TPR)

In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Tapestry, with a price target of $165.00. The company’s shares closed last Friday at $140.10.

According to TipRanks.com, Boruchow is a 2-star analyst with an average return of 0.2% and a 45.2% success rate. Boruchow covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Dick’s Sporting Goods, and Canada Goose Holdings. ;'>

Currently, the analyst consensus on Tapestry is a Strong Buy with an average price target of $175.08, a 26.5% upside from current levels. In a report issued on May 27, Barclays also maintained a Buy rating on the stock with a $179.00 price target.

DraftKings (DKNG)

According to TipRanks.com, Vitanza is a 5-star analyst with an average return of 18.7% and a 49.6% success rate. Vitanza covers the NA sector, focusing on stocks such as Clear Channel Outdoor, TKO Group Holdings, and Strive Inc. ;'>

DraftKings has an analyst consensus of Strong Buy, with a price target consensus of $35.52, a 37.8% upside from current levels. In a report issued on June 4, UBS also maintained a Buy rating on the stock with a $49.00 price target.

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