Analysts Offer Insights on Consumer Cyclical Companies: Group 1 Automotive (GPI) and MGM China Holdings (OtherMCHVF)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Group 1 Automotive (GPI – Research Report) and MGM China Holdings (MCHVF – Research Report) with bullish sentiments.

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Group 1 Automotive (GPI)

In a report released yesterday, Federico Merendi from Bank of America Securities maintained a Buy rating on Group 1 Automotive, with a price target of $535.00. The company’s shares closed last Monday at $423.89.

According to TipRanks.com, Merendi is a 2-star analyst with an average return of 1.2% and a 51.7% success rate. Merendi covers the NA sector, focusing on stocks such as Mobileye Global, Inc. Class A, Rivian Automotive, and General Motors. ;'>

Group 1 Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $491.00, representing a 17.6% upside. In a report issued on October 2, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $504.00 price target.

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MGM China Holdings (MCHVF)

In a report released today, George Choi from Citi maintained a Buy rating on MGM China Holdings, with a price target of HK$19.00. The company’s shares closed last Wednesday at $1.90.

According to TipRanks.com, Choi is a 4-star analyst with an average return of 8.5% and a 50.0% success rate. Choi covers the NA sector, focusing on stocks such as Melco Resorts & Entertainment, Genting Singapore, and Las Vegas Sands. ;'>

MGM China Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $2.49, which is a 31.1% upside from current levels. In a report released yesterday, CLSA also maintained a Buy rating on the stock with a HK$18.30 price target.

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Disclaimer & DisclosureReport an Issue

• Group 1 Automotive price target raised to $530 from $510 at Citi
• Cautious Outlook on Group 1 Automotive Amid UK Market Challenges and Integration Risks
• Group 1 Automotive price target lowered to $545 from $560 at BofA
• Group 1 Automotive management to meet virtually with Seaport Research
• Group 1 Automotive price target raised to $485 from $470 at Morgan Stanley