Analysts have been eager to weigh in on the Services sector with new ratings on CBS Corp (CBS), Tapestry Inc (TPR) and Just Eat Plc (JSTLF).
CBS Corp (CBS)
In a report released yesterday, David Miller from Imperial Capital maintained a Buy rating on CBS Corp, with a price target of $76. The company’s shares closed yesterday at $57.30.
According to TipRanks.com, Miller is a 5-star analyst with an average return of 13.7% and a 64.5% success rate. Miller covers the Services sector, focusing on stocks such as Madison Square Garden Co, AMC Entertainment, and MSG Networks Inc.
CBS Corp has an analyst consensus of Moderate Buy, with a price target consensus of $68, which is a 18.7% upside from current levels. In a report issued on November 2, Benchmark Co. also maintained a Buy rating on the stock with a $90 price target.
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Tapestry Inc (TPR)
Guggenheim analyst Robert Drbul maintained a Buy rating on Tapestry Inc yesterday and set a price target of $60. The company’s shares closed yesterday at $42.75.
Drbul said:
“We remain comfortable with the Coach brand’s global +LSD% comp sales growth trajectory. At retail, we note 3 supportive factors: 1) the recent Selena Gomez capsule that spanned across categories (handbags, ready-to-wear; September), 2) global excitement around the new higher-end Dreamer bag ($495; August), and 3) last fiscal year’s Signature re-launch (don’t lap this until 3Q). In outlets, the new Edit bag sits in the ‘best’ classification within the outlet product pyramid and reflects an increasing focus on improving outlet AUR with innovation at the high-end. In terms of KPIs, conversion remains the largest opportunity overall, aided by the filling in of product gaps, particularly in the $300-$500 handbag bucket.”
According to TipRanks.com, Drbul is a top 100 analyst with an average return of 15.6% and a 75.1% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.
Tapestry Inc has an analyst consensus of Moderate Buy, with a price target consensus of $55.36, implying a 29.5% upside from current levels. In a report issued on October 30, Wells Fargo also maintained a Buy rating on the stock.
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Just Eat Plc (JSTLF)
In a report released yesterday, Andrea Ferraz from Morgan Stanley maintained a Hold rating on Just Eat Plc. The company’s shares closed on Friday at $8.50, close to its 52-week low of $8.35.
The word on The Street in general, suggests a Hold analyst consensus rating for Just Eat Plc.
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