Analysts Praise Consumer Cyclical Stocks: ONON and NKE Get Boost

Two Consumer Cyclical companies have caught the attention of analysts: On Holding AG (ONON) and Nike (NKE). Analysts are optimistic about both stocks, with two firms issuing Buy ratings.

On Holding AG has a Strong Buy analyst consensus, with a price target consensus of $41.21, implying a 35.6% upside from current levels. Janine Stichter from BTIG reiterated a Buy rating on the stock with a price target of $60.00, while Morgan Stanley initiated coverage with a Buy rating and a $39.00 price target.

Nike (NKE) also has a positive outlook, despite a Hold analyst consensus rating. Robert Drbul from BTIG maintained a Buy rating on Nike with a price target of $55.00, while Bernstein maintained a Buy rating with a $68.00 price target.