Wall Street's Most Accurate Analysts Say Sell These 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended selling three high-dividend yielding tech stocks: Seagate Technology Holdings (STX), HP Inc. (HPQ), and Xerox Holdings Corporation (XRX). The analysts have downgraded or maintained negative ratings for these stocks, despite their high dividend yields and recent financial results.
July 28, 2023 | 12:39 pm
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NEGATIVE IMPACT
HP Inc. has been rated Underperform by B of A Securities analyst Wamsi Mohan. The stock's dividend yield is 3.18%.
The Underperform rating by a highly accurate analyst suggests potential downside risk for the stock, despite its high dividend yield.
CONFIDENCE 73
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Seagate Technology has been downgraded from Buy to Sell by Summit Insights Group analyst Kinngai Chan. The stock's dividend yield is 4.83%.
The downgrade from Buy to Sell by a highly accurate analyst suggests potential downside risk for the stock, despite its high dividend yield.
CONFIDENCE 74
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Xerox Holdings has been rated Sell by Citigroup analyst Jim Suva. The stock's dividend yield is 5.96%.
The Sell rating by a highly accurate analyst suggests potential downside risk for the stock, despite its high dividend yield.
CONFIDENCE 69
IMPORTANCE 80
RELEVANCE 100