There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on O’Reilly Auto (NASDAQ:ORLY) and Live Nation Entertainment (NYSE:LYV) with bullish sentiments.
O’Reilly Auto (ORLY)
Stephens analyst Ben Bienvenu reiterated a Buy rating on O’Reilly Auto today and set a price target of $350. The company’s shares opened today at $300.44, close to its 52-week high of $310.
According to TipRanks.com, Bienvenu is a 1-star analyst with an average return of -0.3% and a 51.2% success rate. Bienvenu covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Crossamerica Partners, and United Natural Foods.
O’Reilly Auto has an analyst consensus of Strong Buy, with a price target consensus of $328, a 9.2% upside from current levels. In a report issued on July 12, RBC Capital also maintained a Buy rating on the stock with a $319 price target.
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Live Nation Entertainment (LYV)
In a report released today, Kyle Evans from Stephens reiterated a Buy rating on Live Nation Entertainment, with a price target of $60. The company’s shares opened today at $50.35, close to its 52-week high of $52.84.
According to TipRanks.com, Evans is a 3-star analyst with an average return of 6.8% and a 50.0% success rate. Evans covers the Services sector, focusing on stocks such as Entercom Communications, Tribune Media Company, and Townsquare Media.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Live Nation Entertainment with a $56 average price target, implying an 11.2% upside from current levels. In a report issued on July 12, Guggenheim also reiterated a Buy rating on the stock with a $55 price target.
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