Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Ulta Beauty (ULTA) and Patrick Industries (PATK) with bullish sentiments.
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Ulta Beauty (ULTA)
In a report released today, Michael Baker from D.A. Davidson maintained a Buy rating on Ulta Beauty. The company’s shares closed last Tuesday at $534.95.
According to TipRanks.com, Baker is a 4-star analyst with an average return of
Currently, the analyst consensus on Ulta Beauty is a Moderate Buy with an average price target of $712.53, which is a 34.3% 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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Patrick Industries (PATK)
Truist Financial analyst Gregory Miller maintained a Buy rating on Patrick Industries today and set a price target of $126.00. The company’s shares closed last Tuesday at $113.84.
According to TipRanks.com, Miller is a 5-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Patrick Industries with a $146.14 average price target, which is a 29.5% upside from current levels. In a report issued on March 31, TipRanks – xAI also upgraded the stock to Buy with a $120.00 price target.
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