Bullish Sentiments on Nike and Ferrari from Top Analysts
Analysts at Bernstein and Deutsche Bank have expressed bullish sentiments on two consumer cyclical stocks: Nike (NKE) and Ferrari (RACE). Aneesha Sherman, a Bernstein analyst, maintained a Buy rating on Nike with a price target of $68.00. The company's shares closed last Wednesday at $38.24.
According to TipRanks.com, Sherman is a 1-star analyst with an average return of -0.7% and a 37.2% success rate. In contrast, the current analyst consensus on Nike is a Hold with an average price target of $50.05, which represents a 31.5% upside from current levels.
On the other hand, Nicolai Kempf, a Deutsche Bank analyst, maintained a Buy rating on Ferrari with a price target of EUR460.00. The company's shares closed last Wednesday at $413.23, close to its 52-week low of $399.27. Kempf has an average return of 12.0% when recommending Ferrari.
The current analyst consensus on Ferrari is a Strong Buy with an average price target of $469.70, representing a 13.7% upside from current levels.