Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks
There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Royal Caribbean (RCL – Research Report) and Caesars Entertainment (CZR – Research Report) with bullish sentiments.
Royal Caribbean (RCL)
In a report released today, Patrick Scholes from Truist Financial maintained a Buy rating on Royal Caribbean. The company’s shares closed last Tuesday at $210.10, close to its 52-week high of $214.12.
According to TipRanks.com, Scholes is a 5-star analyst with an average return of 8.7% and a 57.0% success rate. Scholes covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts.
Currently, the analyst consensus on Royal Caribbean is a Strong Buy with an average price target of $216.73, a 9.5% upside from current levels. In a report issued on October 15, Goldman Sachs also maintained a Buy rating on the stock with a $220.00 price target.
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Caesars Entertainment (CZR)
Truist Financial analyst Barry Jonas maintained a Buy rating on Caesars Entertainment today. The company’s shares closed last Tuesday at $45.28.
According to TipRanks.com, Jonas is a 5-star analyst with an average return of 10.4% and a 53.1% success rate. Jonas covers the NA sector, focusing on stocks such as International Game Technology, Monarch Casino & Resort, and Inspired Entertainment.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Caesars Entertainment with a $53.38 average price target, representing a 18.2% upside. In a report issued on October 17, Barclays also maintained a Buy rating on the stock with a $59.00 price target.
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