Analysts are pulling back from the Consumer Cyclical sector as 2 experts expressed today bearish sentiments on Adient (ADNT – Research Report) and Carter’s (CRI – Research Report).
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Adient (ADNT)
In a report released yesterday, Federico Merendi from Bank of America Securities maintained a Sell rating on Adient, with a price target of $20.00. The company’s shares closed last Monday at $22.53.
According to TipRanks.com, Merendi is a 2-star analyst with an average return of
Currently, the analyst consensus on Adient is a Hold with an average price target of $25.73.
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Carter’s (CRI)
In a report released today, Paul Kearney from Barclays maintained a Sell rating on Carter’s, with a price target of $23.00. The company’s shares closed last Monday at $29.74.
According to TipRanks.com, Kearney is a 3-star analyst with an average return of
Currently, the analyst consensus on Carter’s is a Moderate Sell with an average price target of $26.00, representing a -6.0% downside. In a report issued on October 9, Wells Fargo also maintained a Sell rating on the stock with a $22.00 price target.
Read More on ADNT:
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