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Analysts’ Opinions Are Mixed on These Consumer Cyclical Stocks: Best Buy Co (BBY) and Wayfair (W)

Tipranks - Tue Jun 9, 7:08AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Best Buy Co (BBY) and Wayfair (W).

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Best Buy Co (BBY)

In a report released today, Scot Ciccarelli from Truist Financial maintained a Hold rating on Best Buy Co. The company’s shares closed last Friday at $71.54, close to its 52-week low of $69.29.

According to TipRanks.com, Ciccarelli is a 5-star analyst with an average return of 14.5% and a 67.1% success rate. Ciccarelli covers the NA sector, focusing on stocks such as Genuine Parts Company, Accel Entertainment, and Advance Auto Parts. ;'>

Best Buy Co has an analyst consensus of Hold, with a price target consensus of $76.15, representing a 7.2% upside. In a report issued on May 29, UBS also downgraded the stock to Hold with a $86.00 price target.

See today’s best-performing stocks on TipRanks >>

Wayfair (W)

In a report released today, Youssef Squali from Truist Financial maintained a Buy rating on Wayfair. The company’s shares closed last Friday at $68.35.

According to TipRanks.com, Squali is a 4-star analyst with an average return of 6.7% and a 49.4% success rate. Squali covers the Technology sector, focusing on stocks such as ODDITY Tech Ltd. Class A, Uber Technologies, and Epam Systems. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $95.39 average price target.

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