There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on GMS Inc (NYSE:GMS) and Burlington Stores (NYSE:BURL) with bullish sentiments.
GMS Inc (GMS)
Raymond James analyst Sam Darkatsh maintained a Buy rating on GMS Inc today and set a price target of $33. The company’s shares closed yesterday at $26.86.
According to TipRanks.com, Darkatsh is a 3-star analyst with an average return of 2.7% and a 56.0% success rate. Darkatsh covers the Services sector, focusing on stocks such as HD Supply Holdings, Fastenal Company, and MSC Industrial.
Currently, the analyst consensus on GMS Inc is a Strong Buy with an average price target of $34.78, which is a 29.5% upside from current levels. In a report released today, Nomura also maintained a Buy rating on the stock with a $37 price target.
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Burlington Stores (BURL)
Deutsche Bank analyst Paul Trussell maintained a Buy rating on Burlington Stores today and set a price target of $176. The company’s shares closed yesterday at $165, close to its 52-week high of $172.65.
According to TipRanks.com, Trussell is a 4-star analyst with an average return of 4.9% and a 60.8% success rate. Trussell covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Foot Locker Inc, and Kroger Company.
Currently, the analyst consensus on Burlington Stores is a Moderate Buy with an average price target of $169.43, which is a 2.7% upside from current levels. In a report issued on August 20, Buckingham also maintained a Buy rating on the stock with a $190 price target.
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