Nike, McDonald's And Other Consumer Stocks From Wall Street's Most Accurate Analysts

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Here's a look at some of the top consumer discretionary stocks from several analysts, according to Benzinga Analyst Stock Ratings.

The Home Depot, Inc. HD

• Stifel analyst John Baugh initiated coverage on the stock with a Hold rating and a price target of $350 on Sept. 7, 2023. This analyst sees around 14% upside in the stock and has an accuracy rate of 81%.
• Truist Securities analyst Scot Ciccarelli maintained a Buy rating and increased the price target from $348 to $372 on Aug. 16, 2023. This analyst sees the stock gaining 21% and has an accuracy rate of 79%.
• Recent News: The Home Depot reported better-than-expected results for its second quarter.

McDonald's Corporation MCD

• Truist Securities analyst Jake Bartlett maintained a Buy rating and cut the price target from $340 to $335 on Sept. 20, 2023. Bartlett sees an upside of 24% in the stock and has an accuracy rate of 83%.
• TD Cowen analyst Andrew Charles reiterated an Outperform rating with a price target of $340 on Sept. 20, 2023. This analyst sees around 25% surge in the stock and has an accuracy rate of 72%.
• Recent News: Tesla Inc TSLA CEO Elon Musk on Tuesday said that he is unaware of a partnership with McDonald’s to launch a Cyber Spoon.

NIKE, Inc. NKE

• Wells Fargo analyst Kate Fitzsimons maintained an Overweight rating and cut the price target from $130 to $120 on Sept. 18, 2023. This analyst sees around 31% upside in the stock and has an accuracy rate of 74%.
• Williams Trading analyst Sam Poser maintained a Sell rating and cut the price target from $95 to $91 on Sept. 7, 2023. This analyst sees the stock falling around 1% and has an accuracy rate of 76%.
• Recent News: Nike is set to release its first-quarter earnings for fiscal year 2024 on Sept. 28 after the market closes.

Lowe's Companies, Inc. LOW

• Stifel analyst John Baugh initiated coverage on the stock with a Buy rating and a price target of $270 on Sept. 7, 2023. This analyst sees around 28% rise in the stock and has an accuracy rate of 81%.
• B of A Securities analyst Elizabeth Suzuki maintained a Buy rating and boosted the price target from $278 to $289 on Aug. 23, 2023. Shannon sees the stock surging around 37%, and has an accuracy rate of 70%.
• Recent News: Lowe's Companies reported better-than-expected second-quarter earnings and reaffirmed FY23 outlook.

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