Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Tapestry (TPR – Research Report) and Canadian Tire (CDNAF – Research Report).
Tapestry (TPR)
In a report released yesterday, Ike Boruchow from Wells Fargo assigned a Buy rating to Tapestry, with a price target of $55.00. The company’s shares closed last Thursday at $40.37.
According to TipRanks.com, Boruchow has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
Currently, the analyst consensus on Tapestry is a Strong Buy with an average price target of $52.50, implying a 39.6% upside from current levels. In a report issued on May 2, Telsey Advisory also maintained a Buy rating on the stock with a $54.00 price target.
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Canadian Tire (CDNAF)
In a report issued on May 6, Luke Hannan from Canaccord Genuity maintained a Hold rating on Canadian Tire, with a price target of C$137.00. The company’s shares closed last Thursday at $106.48.
According to TipRanks.com, Hannan is a 4-star analyst with an average return of
Currently, the analyst consensus on Canadian Tire is a Hold with an average price target of $110.59, which is a 6.3% upside from current levels. In a report issued on April 29, National Bank also maintained a Hold rating on the stock with a C$144.00 price target.
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