Analysts have been eager to weigh in on the Services sector with new ratings on Costco (NASDAQ:COST), ARAMARK Holdings (NYSE:ARMK) and L Brands (NYSE:LB).
Costco (COST)
Stifel Nicolaus analyst Mark Astrachan maintained a Buy rating on Costco today and set a price target of $245. The company’s shares closed yesterday at $236.68, close to its 52-week high of $236.77.
According to TipRanks.com, Astrachan is a 4-star analyst with an average return of 8.4% and a 63.5% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Monster Beverage Corp, and Colgate-Palmolive.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Costco with a $240.46 average price target, a 1.6% upside from current levels. In a report issued on September 4, Robert W. Baird also maintained a Buy rating on the stock with a $250 price target.
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ARAMARK Holdings (ARMK)
In a report released today, Dan Dolev from Nomura maintained a Buy rating on ARAMARK Holdings, with a price target of $50. The company’s shares closed yesterday at $40.56.
According to TipRanks.com, Dolev is a 5-star analyst with an average return of 18.4% and a 70.8% success rate. Dolev covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Moody’s Corp, and Cintas Corp.
Currently, the analyst consensus on ARAMARK Holdings is a Moderate Buy with an average price target of $48.
L Brands (LB)
Nomura analyst Simeon Siegel maintained a Hold rating on L Brands today and set a price target of $30. The company’s shares closed yesterday at $26.55, close to its 52-week low of $25.89.
According to TipRanks.com, Siegel is a 4-star analyst with an average return of 8.2% and a 61.7% success rate. Siegel covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Ralph Lauren Corp, and Urban Outfitters.
The word on The Street in general, suggests a Hold analyst consensus rating for L Brands with a $30.60 average price target, which is a 15.3% upside from current levels. In a report issued on August 23, Morgan Stanley also downgraded the stock to Hold with a $32 price target.
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