Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on e.l.f. Beauty (ELF – Research Report), Modine (MOD – Research Report) and On Holding AG (ONON – Research Report) with bullish sentiments.

e.l.f. Beauty (ELF)

D.A. Davidson analyst Linda Bolton Weiser maintained a Buy rating on e.l.f. Beauty yesterday and set a price target of $170.00. The company’s shares closed last Friday at $131.43.

According to TipRanks.com, Weiser is a 1-star analyst with an average return of -0.9% and a 43.4% success rate. Weiser covers the NA sector, focusing on stocks such as The Estée Lauder Companies, Lifetime Brands, and Planet Fitness.

e.l.f. Beauty has an analyst consensus of Strong Buy, with a price target consensus of $157.29, a 24.6% upside from current levels. In a report issued on December 13, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $165.00 price target.

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Modine (MOD)

D.A. Davidson analyst Matt Summerville maintained a Buy rating on Modine yesterday and set a price target of $155.00. The company’s shares closed last Friday at $120.10.

According to TipRanks.com, Summerville is a 4-star analyst with an average return of 6.5% and a 50.4% success rate. Summerville covers the Industrial Goods sector, focusing on stocks such as Napco Security Technologies, A. O. Smith Corporation, and Franklin Electric Co.

Currently, the analyst consensus on Modine is a Moderate Buy with an average price target of $150.00.

On Holding AG (ONON)

In a report released yesterday, Alexandra Straton from Morgan Stanley maintained a Buy rating on On Holding AG, with a price target of $62.00. The company’s shares closed last Friday at $57.26, close to its 52-week high of $60.12.

According to TipRanks.com, Straton is a 4-star analyst with an average return of 8.5% and a 63.8% success rate. Straton covers the NA sector, focusing on stocks such as Lululemon Athletica, Levi Strauss & Co, and Abercrombie Fitch.

On Holding AG has an analyst consensus of Strong Buy, with a price target consensus of $62.39, representing a 16.0% upside. In a report issued on December 5, TD Cowen also maintained a Buy rating on the stock with a $65.00 price target.

Read More on ELF:

• Elf Beauty price target raised to $150 from $130 at Truist
• Salesforce upgraded, ServiceNow downgraded: Wall Street’s top analyst calls
• Elf Beauty initiated with a Buy at Goldman Sachs
• Adobe downgraded, Charter upgraded: Wall Street’s top analyst calls
• Elf Beauty initiated with a Hold at Deutsche Bank