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Analysts Offer Insights on Consumer Cyclical Companies: Sweetgreen (SG) and Hanesbrands (HBI)

Analysts fell to the sidelines weighing in on Sweetgreen (SGResearch Report) and Hanesbrands (HBIResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Sweetgreen (SG)

In a report released yesterday, Jon Tower from Citi maintained a Hold rating on Sweetgreen, with a price target of $28.00. The company’s shares closed last Thursday at $23.56, close to its 52-week high of $26.45.

According to TipRanks.com, Tower is a 5-star analyst with an average return of 16.8% and a 67.4% success rate. Tower covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Cheesecake Factory.

Currently, the analyst consensus on Sweetgreen is a Moderate Buy with an average price target of $26.00.

See Insiders’ Hot Stocks on TipRanks >>

Hanesbrands (HBI)

Citi analyst Paul Lejuez maintained a Hold rating on Hanesbrands today and set a price target of $5.50. The company’s shares closed last Thursday at $4.68.

According to TipRanks.com, Lejuez is a 5-star analyst with an average return of 8.7% and a 57.4% success rate. Lejuez covers the NA sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, National Vision Holdings, and Birkenstock Holding plc.

The word on The Street in general, suggests a Hold analyst consensus rating for Hanesbrands with a $4.70 average price target, implying a 1.1% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $5.00 price target.

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