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Analysts Are Bullish on These Consumer Cyclical Stocks: Light & Wonder (LNWO), Wayfair (W)

Tipranks - Sat Jun 13, 6:52AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Light & Wonder (LNWO) and Wayfair (W) with bullish sentiments.

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Light & Wonder (LNWO)

In a report released yesterday, Mark Wilson CFA from RBC Capital maintained a Buy rating on Light & Wonder, with a price target of A$170.00. The company’s shares closed last Thursday at $87.49, close to its 52-week low of $84.00.

According to TipRanks.com, CFA is ranked #5840 out of 12296 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Light & Wonder with a $131.81 average price target, representing a 55.6% upside. In a report issued on June 5, TipRanks – PerPlexity also upgraded the stock to Buy with a $92.00 price target.

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Wayfair (W)

Bank of America Securities analyst Mike McGovern reiterated a Buy rating on Wayfair yesterday and set a price target of $100.00. The company’s shares closed last Thursday at $77.68.

According to TipRanks.com, McGovern is a 1-star analyst with an average return of -2.8% and a 40.0% success rate. McGovern covers the NA sector, focusing on stocks such as ACV Auctions, Carvana Co, and Chewy. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair with a $95.17 average price target, a 34.4% upside from current levels. In a report issued on June 8, Truist Financial also maintained a Buy rating on the stock.

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