There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on China MeiDong Auto Holdings (CMEIF) and Weichai Power Co (WEICF) with bullish sentiments.
China MeiDong Auto Holdings (CMEIF)
CMB International Securities analyst Ji Shi maintained a Buy rating on China MeiDong Auto Holdings on August 27 and set a price target of HK$0.90. The company’s shares closed last Friday at $0.10.
According to TipRanks.com, Shi is a 3-star analyst with an average return of 2.1% and a 43.0% success rate. Shi covers the NA sector, focusing on stocks such as Geely Automobile Holdings, Great Wall Motor Co, and XPeng, Inc. ADR.
Currently, the analyst consensus on China MeiDong Auto Holdings is a Hold with an average price target of $0.08.
