There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lululemon Athletica (LULU) and Chewy (CHWY) with bullish sentiments.
Lululemon Athletica (LULU)
Merrill Lynch analyst Lorraine Hutchinson reiterated a Buy rating on Lululemon Athletica yesterday and set a price target of $410.00. The company’s shares closed last Wednesday at $302.00.
According to TipRanks.com, Hutchinson is a 4-star analyst with an average return of 10.6% and a 55.5% success rate. Hutchinson covers the Consumer Goods sector, focusing on stocks such as Signet Jewelers, TJX Companies, and Revolve Group.
Currently, the analyst consensus on Lululemon Athletica is a Strong Buy with an average price target of $407.23, implying a 28.4% upside from current levels. In a report issued on March 15, Cowen & Co. also maintained a Buy rating on the stock with a $389.00 price target.
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Chewy (CHWY)
In a report released today, Nat Schindler from Merrill Lynch reiterated a Buy rating on Chewy, with a price target of $133.00. The company’s shares closed last Wednesday at $88.25.
According to TipRanks.com, Schindler is a 5-star analyst with an average return of 21.9% and a 60.0% success rate. Schindler covers the Technology sector, focusing on stocks such as Zillow Group Class A, Fiverr International, and Upstart Holdings.
Currently, the analyst consensus on Chewy is a Moderate Buy with an average price target of $99.60, which is a 23.9% upside from current levels. In a report issued on March 25, J.P. Morgan also maintained a Buy rating on the stock with a $97.00 price target.
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