Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Amcor (AMCR – Research Report) and Starbucks (SBUX – Research Report).
Amcor (AMCR)
Bank of America Securities analyst George Staphos reiterated a Sell rating on Amcor yesterday and set a price target of $10.20. The company’s shares closed last Tuesday at $8.94.
According to TipRanks.com, Staphos is a 4-star analyst with an average return of
Currently, the analyst consensus on Amcor is a Hold with an average price target of $10.03.
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Starbucks (SBUX)
In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Starbucks, with a price target of $81.00. The company’s shares closed last Tuesday at $88.49, close to its 52-week low of $84.29.
According to TipRanks.com, Setyan is a 5-star analyst with an average return of
Currently, the analyst consensus on Starbucks is a Moderate Buy with an average price target of $94.82, implying an 8.2% upside from current levels. In a report released today, William Blair also downgraded the stock to Hold.
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