Consumer Cyclical Stocks Get Boost from Analysts
Analysts have released bullish reports on consumer cyclical companies Modine (MOD), AutoZone (AZO), and Nike (NKE).
Neal Burk from UBS assigned a Buy rating to Modine, with a price target of $355.00, based on its strong potential for growth.
Burk has an average return of 7.2% when recommending Modine, according to TipRanks.com.
The company's shares closed last Tuesday at $195.96, and the analyst consensus is a Strong Buy with a price target consensus of $314.40, representing a 59.0% upside from current levels.
Michael Lasser from UBS also assigned a Buy rating to AutoZone, with a price target of $4230.00, based on its strong financial performance and growth potential.
Lasser has an average return of 15.1% when recommending AutoZone, according to TipRanks.com.
The company's shares closed last Tuesday at $2894.73, close to its 52-week low of $2728.97.
Finally, Brian Nagel from Oppenheimer maintained a Buy rating on Nike, with a price target of $52.00, based on its strong brand recognition and growth potential.