There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Skechers USA (SKX) and Revolve Group (RVLV) with bullish sentiments.
Skechers USA (SKX)
In a report released today, Brian McNamara from Berenberg Bank reiterated a Buy rating on Skechers USA, with a price target of $69.00. The company’s shares closed last Wednesday at $48.92, close to its 52-week high of $53.14.
According to TipRanks.com, McNamara is a 4-star analyst with an average return of 24.7% and a 91.7% success rate. McNamara covers the Consumer Goods sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Burlington Stores, and Casey’s General.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Skechers USA with a $56.00 average price target, which is a 15.0% upside from current levels. In a report issued on April 23, Morgan Stanley also upgraded the stock to Buy with a $56.00 price target.
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Revolve Group (RVLV)
BTIG analyst Camilo Lyon reiterated a Buy rating on Revolve Group yesterday and set a price target of $50.00. The company’s shares closed last Wednesday at $52.96, close to its 52-week high of $55.83.
According to TipRanks.com, Lyon has 0 stars on 0-5 stars ranking scale with an average return of -4.1% and a 42.6% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, The Lovesac Company, and Columbia Sportswear.
Currently, the analyst consensus on Revolve Group is a Strong Buy with an average price target of $50.38, a -0.5% downside from current levels. In a report issued on May 3, Credit Suisse also maintained a Buy rating on the stock with a $58.00 price target.
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