Analysts Offer Insights on Consumer Goods Companies: Foot Locker (FL), Shift Technologies (SFT) and Hyzon Motors (HYZN)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Foot Locker (FL – Research Report), Shift Technologies (SFT – Research Report) and Hyzon Motors (HYZN – Research Report).

Foot Locker (FL)

In a report released yesterday, Matthew Boss from J.P. Morgan upgraded Foot Locker to Hold, with a price target of $40.00. The company’s shares closed last Tuesday at $36.36.

According to TipRanks.com, Boss is a 3-star analyst with an average return of 1.0% and a 48.5% success rate. Boss covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Brilliant Earth Group, and Lululemon Athletica.

The word on The Street in general, suggests a Hold analyst consensus rating for Foot Locker with a $37.84 average price target, representing a 1.4% upside. In a report issued on August 19, Bank of America Securities also upgraded the stock to Hold with a $43.00 price target.

See the top stocks recommended by analysts >>

Shift Technologies (SFT)

Shift Technologies received a Sell rating from J.P. Morgan analyst Rajat Gupta CFA yesterday. The company’s shares closed last Tuesday at $0.88, close to its 52-week low of $0.60.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 12.9% and a 52.5% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Group 1 Automotive, Sonic Automotive, and Lithia Motors.

The word on The Street in general, suggests a Hold analyst consensus rating for Shift Technologies with a $3.00 average price target.

Hyzon Motors (HYZN)

J.P. Morgan analyst Bill Peterson downgraded Hyzon Motors to Sell yesterday. The company’s shares closed last Tuesday at $2.03, close to its 52-week low of $1.87.

According to TipRanks.com, Peterson is a 4-star analyst with an average return of 7.2% and a 54.4% success rate. Peterson covers the Technology sector, focusing on stocks such as Archer Aviation, Joby Aviation, and Plug Power.

Hyzon Motors has an analyst consensus of Hold, with a price target consensus of $4.31.

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