Companies in the Services sector have received a lot of coverage today as analysts weigh in on Amazon (NASDAQ:AMZN), Group 1 Automotive (NYSE:GPI) and Tapestry Inc (NYSE:TPR).
Amazon (AMZN)
Monness analyst Brian White maintained a Buy rating on Amazon today and set a price target of $2300. The company’s shares closed yesterday at $1919.65, close to its 52-week high of $1925.
According to TipRanks.com, White is a top 100 analyst with an average return of 18.2% and a 68.5% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.
Amazon has an analyst consensus of Strong Buy, with a price target consensus of $2101.85, implying a 9.5% upside from current levels. In a report issued on July 31, Morningstar also maintained a Buy rating on the stock with a $2200 price target.
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Group 1 Automotive (GPI)
Morgan Stanley analyst Armintas Sinkevicius maintained a Sell rating on Group 1 Automotive today and set a price target of $64. The company’s shares closed yesterday at $75.98.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -0.8% and a 31.6% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Visteon Corp.
Group 1 Automotive has an analyst consensus of Hold, with a price target consensus of $79.50.
Tapestry Inc (TPR)
KeyBanc analyst Edward Yruma maintained a Buy rating on Tapestry Inc today and set a price target of $62. The company’s shares closed yesterday at $53.16, close to its 52-week high of $55.50.
According to TipRanks.com, Yruma is a 4-star analyst with an average return of 11.1% and a 60.8% success rate. Yruma covers the Services sector, focusing on stocks such as Weight Watchers International, Urban Outfitters, and Stitch Fix Inc.
Currently, the analyst consensus on Tapestry Inc is a Strong Buy with an average price target of $57.86, which is an 8.8% upside from current levels. In a report issued on July 31, UBS also reiterated a Buy rating on the stock with a $59 price target.
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