Analysts’ Top Consumer Cyclical Picks: PUMA SE NPV (PMMAF), Ferrari (RACE)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on PUMA SE NPV (PMMAF – Research Report) and Ferrari (RACE – Research Report) with bullish sentiments.

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PUMA SE NPV (PMMAF)

In a report issued on September 29, Richard Edwards from Goldman Sachs maintained a Buy rating on PUMA SE NPV, with a price target of EUR26.00. The company’s shares closed last Tuesday at $25.03, close to its 52-week low of $23.56.

According to TipRanks.com, Edwards is ranked #9521 out of 10052 analysts.

PUMA SE NPV has an analyst consensus of Hold, with a price target consensus of $27.38, which is a 9.4% upside from current levels. In a report issued on September 22, Bernstein also maintained a Buy rating on the stock with a EUR24.00 price target.

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Ferrari (RACE)

In a report released today, Michael Binetti from Evercore ISI maintained a Buy rating on Ferrari, with a price target of $580.00. The company’s shares closed last Thursday at $504.09, close to its 52-week high of $509.13.

According to TipRanks.com, Binetti is a 4-star analyst with an average return of 7.0% and a 56.4% success rate. Binetti covers the NA sector, focusing on stocks such as Birkenstock Holding plc, Canada Goose Holdings, and Lululemon Athletica. ;'>

Currently, the analyst consensus on Ferrari is a Moderate Buy with an average price target of $544.99, representing an 8.6% upside. In a report issued on September 22, Morgan Stanley also maintained a Buy rating on the stock with a $520.00 price target.

Read More on PMMAF:

Disclaimer & DisclosureReport an Issue

• Puma’s Strategic Turnaround: A Buy Rating Amidst Brand Cycle Reset and Valuation Opportunities
• Puma upgraded to Neutral from Underperform at BNP Paribas Exane
• Puma Positioned for Growth: Buy Rating Amid Brand Cycle Opportunities and Strategic Leadership
• Puma downgraded to Neutral from Buy at Rothschild & Co Redburn
• Puma initiated with an Outperform at Bernstein