There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Golden Entertainment (NASDAQ:GDEN) and Kar Auction Services Inc (NYSE:KAR) with bullish sentiments.
Golden Entertainment (GDEN)
In a report released today, David Katz from Jefferies reiterated a Buy rating on Golden Entertainment, with a price target of $40. The company’s shares closed yesterday at $28.51.
According to TipRanks.com, Katz is a 2-star analyst with an average return of 1.4% and a 36.1% success rate. Katz covers the Services sector, focusing on stocks such as International Game Technology, Monarch Casino & Resort Inc, and Wyndham Destinations Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Golden Entertainment with a $40 average price target.
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Kar Auction Services Inc (KAR)
Jefferies analyst Bret Jordan reiterated a Buy rating on Kar Auction Services Inc yesterday and set a price target of $70. The company’s shares closed yesterday at $60.84, close to its 52-week high of $61.90.
According to TipRanks.com, Jordan is a 4-star analyst with an average return of 10.9% and a 66.7% success rate. Jordan covers the Services sector, focusing on stocks such as Sonic Automotive, Monro Muffler, and O’Reilly Auto.
Currently, the analyst consensus on Kar Auction Services Inc is a Moderate Buy with an average price target of $61.50, a 1.1% upside from current levels. In a report released yesterday, Barrington also assigned a Buy rating to the stock.
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