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Analysts’ Top Consumer Cyclical Picks: Lennar (LEN), Purple Innovation (PRPL)

Analysts fell to the sidelines weighing in on Lennar (LENResearch Report) and Purple Innovation (PRPLResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Lennar (LEN)

In a report released today, Tyler Batory from Oppenheimer maintained a Hold rating on Lennar. The company’s shares closed last Wednesday at $165.50, close to its 52-week high of $167.49.

According to TipRanks.com, Batory is a 4-star analyst with an average return of 9.1% and a 65.8% success rate. Batory covers the NA sector, focusing on stocks such as Braemar Hotels & Resorts, Apple Hospitality REIT, and Xenia Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lennar with a $162.45 average price target.

See today’s best-performing stocks on TipRanks >>

Purple Innovation (PRPL)

In a report released today, Brian Nagel from Oppenheimer maintained a Hold rating on Purple Innovation. The company’s shares closed last Wednesday at $1.66.

According to TipRanks.com, Nagel is a top 100 analyst with an average return of 21.8% and a 67.7% success rate. Nagel covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Life Time Group Holdings, and Dick’s Sporting Goods.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Purple Innovation with a $2.55 average price target, which is a 24.4% upside from current levels. In a report issued on March 7, Roth MKM also maintained a Hold rating on the stock with a $2.00 price target.

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