Analysts Offer Insights on Consumer Cyclical Companies: Callaway Golf (CALY), Tapestry (TPR) and Starbucks (SBUX)
Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Callaway Golf (CALY – Research Report), Tapestry (TPR – Research Report) and Starbucks (SBUX – Research Report).
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Callaway Golf (CALY)
UBS analyst Arpine Kocharyan maintained a Hold rating on Callaway Golf today and set a price target of $11.00. The company’s shares closed last Wednesday at $15.48, close to its 52-week high of $16.89.
According to TipRanks.com, Kocharyan is a 2-star analyst with an average return of
Currently, the analyst consensus on Callaway Golf is a Moderate Buy with an average price target of $13.30, implying a -10.3% downside from current levels. In a report issued on January 15, Morgan Stanley also maintained a Hold rating on the stock with a $15.00 price target.
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Tapestry (TPR)
TD Cowen analyst Oliver Chen maintained a Buy rating on Tapestry today and set a price target of $150.00. The company’s shares closed last Wednesday at $132.24.
According to TipRanks.com, Chen is a 4-star analyst with an average return of
Tapestry has an analyst consensus of Strong Buy, with a price target consensus of $141.77, representing an 8.1% upside. In a report issued on January 12, Barclays also maintained a Buy rating on the stock with a $155.00 price target.
Starbucks (SBUX)
In a report released today, Dennis Geiger from UBS maintained a Hold rating on Starbucks. The company’s shares closed last Wednesday at $96.43.
According to TipRanks.com, Geiger is a 3-star analyst with an average return of
Currently, the analyst consensus on Starbucks is a Moderate Buy with an average price target of $97.24, representing a 3.7% upside. In a report issued on January 15, Citi also maintained a Hold rating on the stock with a $94.00 price target.
