Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have given their ratings on three high-dividend yielding tech stocks: International Business Machines Corporation (IBM), Telefonaktiebolaget LM Ericsson (ERIC), and Cisco Systems, Inc. (CSCO). IBM is considering using in-house AI chips to reduce cloud computing service costs. ERIC reported a loss for Q2. CSCO intends to acquire Accedian.
July 14, 2023 | 1:05 pm
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NEGATIVE IMPACT
Ericsson reported a loss for the second quarter. Analysts have downgraded the stock from Outperform to Neutral.
Ericsson's Q2 loss is a negative signal for its financial performance, which has led analysts to downgrade the stock. This could potentially lead to a decrease in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cisco Systems intends to acquire Accedian. Analysts have downgraded the stock from Buy to Neutral.
Cisco's planned acquisition of Accedian could potentially strengthen its product portfolio. However, analysts have downgraded the stock, indicating some uncertainty about the impact of the acquisition.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
IBM is considering using in-house AI chips to reduce cloud computing service costs. Analysts maintain a Market Perform rating with a reduced price target.
IBM's plan to use in-house AI chips could potentially reduce operating costs, which could positively impact its financial performance. However, analysts have reduced their price target, indicating some caution.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100