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Analysts Offer Insights on Consumer Cyclical Companies: Mercadolibre (MELI), Wynn Resorts (WYNN) and Amer Sports, Inc. (AS)

Tipranks - Tue May 12, 5:32AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Mercadolibre (MELI), Wynn Resorts (WYNN) and Amer Sports, Inc. (AS) with bullish sentiments.

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Mercadolibre (MELI)

Morgan Stanley analyst Andrew R. Ruben maintained a Buy rating on Mercadolibre today and set a price target of $2450.00. The company’s shares closed last Friday at $1632.52.

Ruben has an average return of 6.7% when recommending Mercadolibre. ;'>

According to TipRanks.com, Ruben is ranked #4366 out of 12243 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mercadolibre with a $2335.63 average price target, which is a 38.6% upside from current levels. In a report issued on May 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $2188.00 price target.

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Wynn Resorts (WYNN)

Bank of America Securities analyst Shaun Kelley reiterated a Buy rating on Wynn Resorts today and set a price target of $140.00. The company’s shares closed last Friday at $102.42.

According to TipRanks.com, Kelley is a 3-star analyst with an average return of 2.5% and a 50.6% success rate. Kelley covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Red Rock Resorts. ;'>

Wynn Resorts has an analyst consensus of Strong Buy, with a price target consensus of $137.92, a 30.1% upside from current levels. In a report issued on May 8, Citi also maintained a Buy rating on the stock with a $132.00 price target.

Amer Sports, Inc. (AS)

UBS analyst Jay Sole maintained a Buy rating on Amer Sports, Inc. today and set a price target of $60.00. The company’s shares closed last Friday at $36.03.

According to TipRanks.com, Sole is a 4-star analyst with an average return of 5.4% and a 49.7% success rate. Sole covers the NA sector, focusing on stocks such as Lululemon Athletica, Bath & Body Works, and Gildan Activewear. ;'>

Amer Sports, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $50.10.

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