Analysts Are Bearish on Top Consumer Cyclical Stocks: Tesla (TSLA), Wendy's (WEN)
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Tesla (TSLA)
Wells Fargo analyst Colin Langan maintained a Sell rating on Tesla on August 8 and set a price target of $120.00. The company's shares closed last Friday at $329.65.
According to TipRanks.com, Langan 's ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -5.9% and a 47.4% success rate. Langan covers the NA sector, focusing on stocks such as Magna International, Dana Incorporated, and Rivian Automotive.
Tesla has an analyst consensus of Hold, with a price target consensus of $307.23, which is a -4.4% downside from current levels. In a report issued on July 24, GLJ Research also maintained a Sell rating on the stock with a $19.05 price target.
Wendy's (WEN)
In a report issued on August 9, Sara Senatore from Bank of America Securities reiterated a Sell rating on Wendy's, with a price target of $10.00. The company's shares closed last Friday at $10.09.
According to TipRanks.com, Senatore is a 4-star analyst with an average return of 4.1% and a 52.6% success rate. Senatore covers the NA sector, focusing on stocks such as Restaurant Brands International, First Watch Restaurant Group, and Papa John's International.
Wendy's has an analyst consensus of Hold, with a price target consensus of $12.37, which is a 23.6% upside from current levels. In a report issued on August 8, Morgan Stanley also maintained a Sell rating on the stock with a $10.00 price target.
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