Analysts Offer Insights on Consumer Cyclical Companies: Nio (NIO) and Citi Trends (CTRN)

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Nio (NIO) and Citi Trends (CTRN) with bullish sentiments.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds

Nio (NIO)

Nio received a Buy rating and a $7.00 price target from CMB International Securities analyst Ji Shi on May 22. The company’s shares closed last Friday at $5.20.

According to TipRanks.com, Shi is a 4-star analyst with an average return of 6.7% and a 49.5% success rate. Shi covers the NA sector, focusing on stocks such as Guangzhou Automobile Group Co, China MeiDong Auto Holdings, and Geely Automobile Holdings.