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Analysts Are Bullish on These Consumer Goods Stocks: Lithia Motors (LAD), Tesla (TSLA)

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Lithia Motors (LADResearch Report) and Tesla (TSLAResearch Report) with bullish sentiments.

Lithia Motors (LAD)

Jefferies analyst Bret Jordan maintained a Buy rating on Lithia Motors yesterday and set a price target of $450.00. The company’s shares closed last Wednesday at $342.01.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 15.5% and a 66.7% success rate. Jordan covers the Consumer Goods sector, focusing on stocks such as Advance Auto Parts, O’Reilly Auto, and AutoZone.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithia Motors with a $453.20 average price target.

See Insiders’ Hot Stocks on TipRanks >>

Tesla (TSLA)

In a report released today, Philippe Houchois from Jefferies maintained a Buy rating on Tesla, with a price target of $950.00. The company’s shares closed last Wednesday at $865.80, close to its 52-week high of $900.40.

According to TipRanks.com, Houchois is a 5-star analyst with an average return of 30.3% and a 59.9% success rate. Houchois covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, General Motors, and Ford Motor.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $755.45, which is a -12.7% downside from current levels. In a report issued on October 7, Wedbush also maintained a Buy rating on the stock with a $1000.00 price target.

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