Wall Street analysts are doubling down on their calls for a consumer spending recovery.
Barclays, Credit Suisse and Wells Fargo released notes Monday highlighting their excitement about several consumer stocks, with Barclays reaffirming its positive view on TJX Companies, Credit Suisse upgrading Tapestry to outperform and Wells Fargo upping its ratings on some high-profile lifestyle companies.
Analysts at Wells Fargo said they “have never seen the consumer emerging this strong from a recession,” upgrading McDonald’s, Starbucks, Chipotle, Yum Brands, Darden and Marriott to overweight.
