Companies in the Services sector have received a lot of coverage today as analysts weigh in on World Wrestling (NYSE:WWE) and Tilly’s Inc (NYSE:TLYS).
World Wrestling (WWE)
Citigroup analyst Jason Bazinet maintained a Hold rating on World Wrestling today and set a price target of $85. The company’s shares opened today at $83.02, close to its 52-week high of $85.93.
According to TipRanks.com, Bazinet is a 4-star analyst with an average return of 7.1% and a 66.4% success rate. Bazinet covers the Services sector, focusing on stocks such as Live Nation Entertainment, Qurate Retail Group Inc, and Sirius XM Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for World Wrestling with a $93.44 average price target.
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Tilly’s Inc (TLYS)
B.Riley FBR analyst Jeff Van Sinderen maintained a Buy rating on Tilly’s Inc today and set a price target of $17. The company’s shares opened today at $17.45, close to its 52-week high of $17.99.
Van Sinderen commented:
“Tilly’s (TLYS) reports 2Q results AMC 8/29. We believe that the company got e-comm/omni- channel back on track for BTS. Our checks suggest that positive brick & mortar traffic continued for the seventh consecutive Q. Relevant to industry laterals, Zumiez (ZUMZ) reported July comps +9.1%, which we believe was driven by traffic to a large extent and Urban Outfitters (URBN) recently reported positive traffic across regions. All of TLYS’ departments comped positively in May except for accessories (down lsd). With the restart of omni-channel systems, we believe overall digital performance improved over the -7.2% comp in 1Q, particularly given that monthly comps sequentially improved in 1Q and were up lsd in May. Omni-channel is gearing up with DTC fully turned on during 2Q for the beginning of BTS.”
According to TipRanks.com, Sinderen is a 3-star analyst with an average return of 4.2% and a 52.1% success rate. Sinderen covers the Services sector, focusing on stocks such as Tuesday Morning, Kirkland’s, and Zumiez Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tilly’s Inc with a $18.50 average price target, which is a 6.0% upside from current levels. In a report issued on August 13, Pivotal Research also initiated coverage with a Buy rating on the stock with a $19 price target.
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