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Analysts Offer Insights on Consumer Cyclical Companies: Ulta Beauty (ULTA) and Darden Restaurants (DRI)

Tipranks - Fri Apr 10, 7:16AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Ulta Beauty (ULTA) and Darden Restaurants (DRI) with bullish sentiments.

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Ulta Beauty (ULTA)

In a report released today, Michael Binetti from Evercore ISI maintained a Buy rating on Ulta Beauty, with a price target of $675.00. The company’s shares closed last Wednesday at $532.82.

According to TipRanks.com, Binetti is a 4-star analyst with an average return of 5.1% and a 52.3% success rate. Binetti covers the NA sector, focusing on stocks such as Birkenstock Holding plc, Canada Goose Holdings, and Lululemon Athletica. ;'>

Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $712.53, a 31.2% upside from current levels. In a report issued on April 3, UBS also maintained a Buy rating on the stock with a $810.00 price target.

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Darden Restaurants (DRI)

Oppenheimer analyst Brian Bittner reiterated a Buy rating on Darden Restaurants today and set a price target of $235.00. The company’s shares closed last Wednesday at $195.65.

According to TipRanks.com, Bittner is a 4-star analyst with an average return of 5.7% and a 59.9% success rate. Bittner covers the NA sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Cheesecake Factory. ;'>

Currently, the analyst consensus on Darden Restaurants is a Moderate Buy with an average price target of $226.88, a 16.6% upside from current levels. In a report issued on April 7, Bank of America Securities also maintained a Buy rating on the stock.

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