Analysts Weigh in on Amazon, International Paper, and Codere Online
Analysts have been weighing in on consumer cyclical companies, and three stocks are getting particular attention. Amazon (AMZN) is one of them. Morgan Stanley's Brian Nowak maintained a Buy rating for Amazon with a price target of $335.00, which is close to its 52-week high.
According to TipRanks.com, Nowak has a 4-star analyst ranking with an average return of 5.3% and a success rate of 56.4%. The company's current consensus rating from analysts is Strong Buy, with a price target consensus of $329.30, indicating a 41.1% upside from current levels.
Another consumer cyclical company getting attention is International Paper Co (IP). Truist Financial's Michael Roxland reiterated a Buy rating for IP with a price target of $49.00. The current analyst consensus on the stock is Strong Buy, with an average price target of $47.44, suggesting a 7.8% upside from current levels.
Codere Online (CDRO) is also getting attention, but not necessarily positive. Stifel Nicolaus's Jeffrey Stantial maintained a Hold rating for the company with a price target of $10.00. The overall consensus on Codere Online is Moderate Buy, with an average price target of $12.00, indicating a 26.4% upside from current levels.