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Wall Street Analysts Are Bullish on Top Consumer Goods Picks

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There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on RH (RHResearch Report), Hyzon Motors (HYZNResearch Report) and Ollie’s Bargain Outlet Holding (OLLIResearch Report) with bullish sentiments.

RH (RH)

Telsey Advisory analyst Joe Feldman maintained a Buy rating on RH today and set a price target of $510.00. The company’s shares closed last Thursday at $361.55, close to its 52-week low of $320.81.

According to TipRanks.com, Feldman is a 5-star analyst with an average return of 14.9% and a 58.8% success rate. Feldman covers the Consumer Goods sector, focusing on stocks such as Floor & Decor Holdings, Bed Bath & Beyond, and Party City Holdco.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for RH with a $660.86 average price target.

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Hyzon Motors (HYZN)

In a report released today, Daniel Ives from Wedbush maintained a Buy rating on Hyzon Motors, with a price target of $11.00. The company’s shares closed last Thursday at $6.40.

According to TipRanks.com, Ives is a top 100 analyst with an average return of 26.9% and a 66.5% success rate. Ives covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Palo Alto Networks, and CyberArk Software.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hyzon Motors with a $11.00 average price target, implying a 91.3% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a $9.00 price target.

Ollie’s Bargain Outlet Holding (OLLI)

Stephens analyst Rick Nelson maintained a Buy rating on Ollie’s Bargain Outlet Holding today and set a price target of $66.00. The company’s shares closed last Thursday at $43.06, close to its 52-week low of $37.67.

According to TipRanks.com, Nelson is a 5-star analyst with an average return of 28.4% and a 61.4% success rate. Nelson covers the Consumer Goods sector, focusing on stocks such as Camping World Holdings, Floor & Decor Holdings, and Carvana Co.

Ollie’s Bargain Outlet Holding has an analyst consensus of Hold, with a price target consensus of $52.73, implying a 29.7% upside from current levels. In a report issued on March 23, Berenberg Bank also maintained a Buy rating on the stock with a $75.00 price target.

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