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Analysts Conflicted on These Consumer Cyclical Names: Melco Resorts & Entertainment (MLCO) and Whirlpool (WHR)

Tipranks - Tue Jun 23, 4:02AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Melco Resorts & Entertainment (MLCO) and Whirlpool (WHR).

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Melco Resorts & Entertainment (MLCO)

In a report released yesterday, Praveen Choudhary from Morgan Stanley downgraded Melco Resorts & Entertainment to Hold, with a price target of $6.00. The company’s shares closed last Thursday at $5.53.

According to TipRanks.com, Choudhary is a 1-star analyst with an average return of -1.1% and a 44.7% success rate. Choudhary covers the NA sector, focusing on stocks such as Galaxy Entertainment Group, MGM China Holdings, and Sands China. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Melco Resorts & Entertainment with a $7.87 average price target.

See the top stocks recommended by analysts >>

Whirlpool (WHR)

In a report issued on June 19, Rafe Jadrosich from Bank of America Securities reiterated a Sell rating on Whirlpool, with a price target of $36.00. The company’s shares closed last Thursday at $38.86.

According to TipRanks.com, Jadrosich is a 5-star analyst with an average return of 8.8% and a 55.6% success rate. Jadrosich covers the NA sector, focusing on stocks such as Somnigroup International, Dream Finders Homes, and Patrick Industries. ;'>

Whirlpool has an analyst consensus of Hold, with a price target consensus of $44.43, implying a 13.9% upside from current levels. In a report issued on June 15, RBC Capital also maintained a Sell rating on the stock with a $30.00 price target.

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