Analysts Are Neutral on Top Consumer Cyclical Stocks: ARB Corporation (ARBFF), PointsBet Holdings (PBTHF)
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ARB Corporation (ARBFF)
UBS analyst Timothy Piper upgraded ARB Corporation to Hold today and set a price target of A$35.00. The company's shares closed last Monday at $24.92.
Piper has an average return of 1.3% when recommending ARB Corporation .
According to TipRanks.com, Piper is ranked #6113 out of 9949 analysts.
Currently, the analyst consensus on ARB Corporation is a Moderate Buy with an average price target of $25.09, implying a -8.0% downside from current levels. In a report issued on July 30, J.P. Morgan also maintained a Hold rating on the stock with a A$36.50 price target.
PointsBet Holdings (PBTHF)
In a report released yesterday, Chris Savage from Bell Potter maintained a Hold rating on PointsBet Holdings, with a price target of A$1.25. The company's shares closed last Friday at $0.60.
According to TipRanks.com, Savage is a 4-star analyst with an average return of 7.2% and a 50.9% success rate. Savage covers the Technology sector, focusing on stocks such as Life360 Shs Chess Depository Interests Repr 3 Sh, Catapult Group International, and Integrated Research Limited.
Currently, the analyst consensus on PointsBet Holdings is a Hold with an average price target of $0.75, a 25.0% upside from current levels. In a report issued on July 30, J.P. Morgan also downgraded the stock to Hold with a A$1.20 price target.
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