Analysts Are Bullish on These Consumer Cyclical Stocks: Wayfair (W), Lithia Motors (LAD)
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Wayfair (W) and Lithia Motors (LAD) with bullish sentiments.
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Wayfair (W)
Bank of America Securities analyst Mike McGovern maintained a Buy rating on Wayfair yesterday and set a price target of $105.00. The company’s shares closed last Monday at $71.53, close to its 52-week high of $76.18.
According to TipRanks.com, McGovern is a 2-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $107.00 average price target, which is a 51.7% upside from current levels. In a report issued on April 6, Piper Sandler also maintained a Buy rating on the stock with a $125.00 price target.
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Lithia Motors (LAD)
In a report released yesterday, Glenn Chin from Seaport Global reiterated a Buy rating on Lithia Motors. The company’s shares closed last Monday at $276.00.
Chin has an average return of
According to TipRanks.com, Chin is ranked #4933 out of 12179 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithia Motors with a $334.25 average price target, a 23.1% upside from current levels. In a report issued on March 30, Evercore ISI also maintained a Buy rating on the stock with a $400.00 price target.
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