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Analysts Offer Insights on Consumer Cyclical Companies: Bath & Body Works (BBWI) and On Holding AG (ONON)

Tipranks - Tipranks - Tue Sep 29, 7:56AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Bath & Body Works (BBWI) and On Holding AG (ONON) with bullish sentiments.

Bath & Body Works (BBWI)

Wells Fargo analyst Ike Boruchow maintained a Buy rating on Bath & Body Works today and set a price target of $24.00. The company’s shares closed last Friday at $16.45.

According to TipRanks.com, Boruchow is a 1-star analyst with an average return of -0.5% and a 42.9% success rate. Boruchow covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Savers Value Village Inc., and Canada Goose Holdings. ;'>

Bath & Body Works has an analyst consensus of Hold, with a price target consensus of $22.20.

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On Holding AG (ONON)

In a report released today, Paul Lejuez from Citi reiterated a Buy rating on On Holding AG. The company’s shares closed last Friday at $29.96, close to its 52-week low of $29.84.

According to TipRanks.com, Lejuez is a 4-star analyst with an average return of 7.0% and a 54.0% success rate. Lejuez covers the NA sector, focusing on stocks such as National Vision Holdings, Birkenstock Holding plc, and Dick’s Sporting Goods. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for On Holding AG with a $42.57 average price target, a 38.7% upside from current levels. In a report issued on September 14, Berenberg Bank also initiated coverage with a Buy rating on the stock with a $38.00 price target.

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