Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Mercedes-Benz Group (MBGAF – Research Report), The Swatch Group (SWGAF – Research Report) and Nordstrom (JWN – Research Report).
Mercedes-Benz Group (MBGAF)
In a report released today, Neil Beveridge from Bernstein maintained a Buy rating on Mercedes-Benz Group, with a price target of EUR84.00. The company’s shares closed last Tuesday at $79.68, close to its 52-week high of $83.50.
According to TipRanks.com, Beveridge is a 1-star analyst with an average return of
Currently, the analyst consensus on Mercedes-Benz Group is a Moderate Buy with an average price target of $87.05, which is a 9.7% upside from current levels. In a report issued on February 23, Barclays also upgraded the stock to Buy with a EUR80.00 price target.
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The Swatch Group (SWGAF)
In a report released today, Luca Solca from Bernstein maintained a Buy rating on The Swatch Group, with a price target of CHF256.00. The company’s shares closed last Tuesday at $243.00, close to its 52-week low of $223.00.
According to TipRanks.com, Solca is a 5-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for The Swatch Group with a $265.53 average price target.
Nordstrom (JWN)
In a report released yesterday, Paul Kearney from Barclays assigned a Sell rating to Nordstrom, with a price target of $15.00. The company’s shares closed last Tuesday at $20.90.
According to TipRanks.com, Kearney is a 1-star analyst with an average return of
Currently, the analyst consensus on Nordstrom is a Moderate Sell with an average price target of $16.13, which is a -19.9% downside from current levels. In a report released today, J.P. Morgan also maintained a Sell rating on the stock with a $15.00 price target.
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Read More on MBGAF:
- Mercedes-Benz upgraded to Buy from Hold at Jefferies
- Mercedes-Benz price target raised to EUR 125 from EUR 115 at Deutsche Bank
- Mercedes-Benz upgraded to Overweight from Equal Weight at Barclays
- German Stocks: Mercedes Delivers Resilient Numbers Amid EV Slump
- Mercedes-Benz (OTHEROTC:MBGAF) Gains after Retreating from EV Target
