Raymond James has updated its Analyst Current Favorites list in the consumer sector, naming M/I Homes, Somnigroup International, The Estee Lauder Companies and Wingstop among its top ideas. M/I Homes was added to the Strong Buy-rated list after Berkshire Hathaway's acquisition of Taylor Morrison at a 24% premium, with Raymond James arguing the deal helps establish a valuation floor for homebuilders as merger activity builds momentum. Somnigroup was cited for a clear path to solid EBITDA growth and strong free cash flow, with plans to split capital returns 50/50 between dividends and share repurchases beginning in 2026, aided by synergies from the Mattress Firm integration that exceeded initial expectations. Estee Lauder was upgraded to Strong Buy as its turnaround shifts from story to execution, with Raymond James calling fiscal 2025 the earnings trough on improving U.S. market share and China category growth. Wingstop was added on expectations for meaningful comparable sales improvement through the second half of 2026, with catalysts including new value promotions, its first-ever loyalty program launched May 27, the FIFA World Cup, and an optimized Smart Kitchen rollout.
Berkshire Hathaway Inc
Estee Lauder Companies Inc
Raymond James Financial Inc.
