Wall Street's Most Accurate Analysts Say Hold These 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended holding three high-dividend yield stocks in the consumer staples sector: Tyson Foods, Inc. (TSN), Walgreens Boots Alliance, Inc. (WBA), and B&G Foods, Inc. (BGS). Recent news for these companies includes Tyson Foods' plan to cut corporate jobs and senior leadership positions, Walgreens Boots Alliance's lowered FY23 guidance, and B&G Foods' upbeat Q1 earnings.
July 24, 2023 | 11:31 am
News sentiment analysis
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POSITIVE IMPACT
B&G Foods posted upbeat Q1 earnings. Analysts maintain a neutral rating with a varied price target.
The positive Q1 earnings reported by B&G Foods could potentially boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Tyson Foods plans to cut about 10% of corporate jobs and 15% of senior leadership positions. Analysts maintain a neutral rating with a reduced price target.
The announced job cuts at Tyson Foods could potentially impact the company's operations and financial performance, which may negatively affect the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Walgreens Boots Alliance has lowered its FY23 guidance. Analysts maintain a neutral rating with a reduced price target.
The lowered FY23 guidance by Walgreens Boots Alliance indicates potential financial challenges, which may negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100