Analysts’ Top Consumer Cyclical Picks: Mercadolibre (MELI), Smurfit Westrock (SW)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Mercadolibre (MELI – Research Report) and Smurfit Westrock (SW – Research Report) with bullish sentiments.

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Mercadolibre (MELI)

In a report released today, Marvin Fong from BTIG maintained a Buy rating on Mercadolibre, with a price target of $2750.00. The company’s shares closed last Friday at $2172.75.

According to TipRanks.com, Fong is a 3-star analyst with an average return of 1.9% and a 44.2% success rate. Fong covers the NA sector, focusing on stocks such as Driven Brands Holdings, Carvana Co, and CarGurus. ;'>

Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $2868.36, which is a 28.0% upside from current levels. In a report issued on September 23, Barclays also maintained a Buy rating on the stock with a $3000.00 price target.

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Smurfit Westrock (SW)

Truist Financial analyst Michael Roxland reiterated a Buy rating on Smurfit Westrock today and set a price target of $54.00. The company’s shares closed last Friday at $41.98.

According to TipRanks.com, Roxland is a 3-star analyst with an average return of 2.6% and a 46.7% success rate. Roxland covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Graphic Packaging. ;'>

Smurfit Westrock has an analyst consensus of Strong Buy, with a price target consensus of $56.53, which is a 34.7% upside from current levels. In a report released today, Citi also reiterated a Buy rating on the stock with a $54.00 price target.

Read More on MELI:

Disclaimer & DisclosureReport an Issue

• MercadoLibre price target lowered to $2,600 from $2,700 at JPMorgan
• Mercadolibre’s Strong Market Position and Strategic Advantages Justify Buy Rating Despite Competition Concerns
• Mercadolibre’s Strategic Advancements and Growth Potential Reinforce Buy Rating
• MercadoLibre price target raised to $2,900 from $2,700 at Cantor Fitzgerald
• MercadoLibre Amends Revolving Credit Agreement with Citibank