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Analysts Conflicted on These Consumer Cyclical Names: Lowe’s (LOW), Rivian Automotive (RIVN) and Ulta Beauty (ULTA)

Tipranks - Thu Jun 4, 6:52AM CDT

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Lowe’s (LOW), Rivian Automotive (RIVN) and Ulta Beauty (ULTA).

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Lowe’s (LOW)

Bank of America Securities analyst Christopher Nardone maintained a Hold rating on Lowe’s today and set a price target of $257.00. The company’s shares closed last Tuesday at $206.64.

According to TipRanks.com, Nardone is a 4-star analyst with an average return of 13.4% and a 52.1% success rate. Nardone covers the NA sector, focusing on stocks such as Floor & Decor Holdings, Tractor Supply, and Home Depot. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lowe’s with a $264.89 average price target, implying a 27.3% upside from current levels. In a report issued on May 21, D.A. Davidson also maintained a Hold rating on the stock.

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Rivian Automotive (RIVN)

In a report released today, Itay Michaeli from TD Cowen maintained a Buy rating on Rivian Automotive, with a price target of $20.00. The company’s shares closed last Tuesday at $17.29, close to its 52-week high of $18.86.

According to TipRanks.com, Michaeli is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -17.8% and a 42.0% success rate. Michaeli covers the NA sector, focusing on stocks such as ChargePoint Holdings, Dauch Corporation, and Versigent Limited. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Rivian Automotive with a $17.88 average price target.

Ulta Beauty (ULTA)

In a report released today, Lorraine Hutchinson from Bank of America Securities reiterated a Buy rating on Ulta Beauty, with a price target of $685.00. The company’s shares closed last Tuesday at $494.87, close to its 52-week high of $529.67.

According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 1.7% and a 51.4% success rate. Hutchinson covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Dick’s Sporting Goods, and Lululemon Athletica. ;'>

Ulta Beauty has an analyst consensus of Strong Buy, with a price target consensus of $669.18, implying a 33.8% upside from current levels. In a report issued on May 20, TipRanks – Google also upgraded the stock to Buy with a $530.00 price target.

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