Analysts have been eager to weigh in on the Services sector with new ratings on Ralph Lauren Corp (NYSE: RL), Five Below Inc (NASDAQ: FIVE) and Foot Locker Inc (NYSE: FL).
Ralph Lauren Corp (NYSE: RL)
In a report released today, Chethan Mallela from Barclays maintained a Sell rating on Ralph Lauren Corp (NYSE: RL), with a price target of $114. The company’s shares closed yesterday at $137.86, close to its 52-week high of $145.94.
According to TipRanks.com, Mallela is a 1-star analyst with an average return of -6.4% and a 52.4% success rate. Mallela covers the Services sector, focusing on stocks such as Michael Kors, L Brands, and Gap.
Currently, the analyst consensus on Ralph Lauren Corp is Hold and the average price target is $121.70, representing a -11.7% downside.
In a report issued on May 24, Piper Jaffray also maintained a Sell rating on the stock with a $104 price target.
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Five Below Inc (NASDAQ: FIVE)
In a report released today, Vincent Sinisi from Morgan Stanley maintained a Hold rating on Five Below Inc (NASDAQ: FIVE), with a price target of $78. The company’s shares closed yesterday at $99.05, close to its 52-week high of $100.97.
According to TipRanks.com, Sinisi is a 1-star analyst with an average return of -2.1% and a 38.9% success rate. Sinisi covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, US Food Holdings Corp, and Dollar General.
Five Below Inc has an analyst consensus of Strong Buy, with a price target consensus of $94.17.
Foot Locker Inc (NYSE: FL)
Wedbush analyst Christopher Svezia maintained a Buy rating on Foot Locker Inc (NYSE: FL) today and set a price target of $63. The company’s shares closed yesterday at $57.65, close to its 52-week high of $58.06.
Svezia has an average return of 6.8% when recommending Foot Locker Inc.
According to TipRanks.com, Svezia is ranked #919 out of 4826 analysts.
Currently, the analyst consensus on Foot Locker Inc is Strong Buy and the average price target is $61.45, representing a 6.6% upside.
In a report issued on May 25, Barclays also maintained a Buy rating on the stock with a $70 price target.
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