Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Wesfarmers Limited (WFAFF – Research Report) and MGM China Holdings (MCHVF – Research Report).
Wesfarmers Limited (WFAFF)
Jefferies analyst Michael Simotas maintained a Hold rating on Wesfarmers Limited today and set a price target of A$60.00. The company’s shares closed last Thursday at $40.50, equals to its 52-week high of $40.50.
According to TipRanks.com, Simotas is ranked #3857 out of 8727 analysts.
Wesfarmers Limited has an analyst consensus of Moderate Sell, with a price target consensus of $35.85, representing a -11.5% downside. In a report issued on February 16, Macquarie also downgraded the stock to Hold with a A$61.20 price target.
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MGM China Holdings (MCHVF)
Jefferies analyst Andrew Lee, CFA upgraded MGM China Holdings to Buy today and set a price target of HK$15.30. The company’s shares closed last Thursday at $1.60, equals to its 52-week high of $1.60.
According to TipRanks.com, CFA is a 1-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MGM China Holdings with a $1.84 average price target, which is a 15.0% upside from current levels. In a report issued on February 14, HSBC also maintained a Buy rating on the stock with a HK$15.00 price target.
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