Analysts have been eager to weigh in on the Services sector with new ratings on Wayfair Inc (NYSE:W) and Evolent Health (NYSE:EVH).
Wayfair Inc (W)
Merrill Lynch analyst Akshay Bhatia downgraded Wayfair Inc to Hold today and set a price target of $160. The company’s shares closed yesterday at $149.50, close to its 52-week high of $149.90.
Bhatia has an average return of 68.0% when recommending Wayfair Inc.
According to TipRanks.com, Bhatia is ranked #2477 out of 4872 analysts.
Currently, the analyst consensus on Wayfair Inc is a Moderate Buy with an average price target of $130.57, which is a -12.7% downside from current levels. In a report released yesterday, Wells Fargo also assigned a Hold rating to the stock with a $150 price target.
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Evolent Health (EVH)
KeyBanc analyst Donald Hooker maintained a Buy rating on Evolent Health today and set a price target of $32. The company’s shares closed yesterday at $26.15, close to its 52-week high of $26.35.
According to TipRanks.com, Hooker is a 5-star analyst with an average return of 16.7% and a 75.7% success rate. Hooker covers the Services sector, focusing on stocks such as PRA Health Sciences, Charles River Labs, and Syneos Health Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Evolent Health with a $29.80 average price target, implying a 14.0% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $31 price target.
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