Wall Street's Most Accurate Analysts Say Hold These 3 Health Care Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
The most accurate Wall Street analysts have recommended holding three high-dividend yield healthcare stocks: Premier, Inc. (PINC), CVS Health Corporation (CVS), and Medtronic plc (MDT). Premier recently announced it will divest its non-healthcare GPO operations for approximately $800 million. CVS Health reported better-than-expected Q2 results and issued FY23 guidance. Medtronic recalled certain implantable cardioverter defibrillators and cardiac resynchronization therapy defibrillators.
August 10, 2023 | 12:29 pm
News sentiment analysis
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NEGATIVE IMPACT
Medtronic plc has initiated coverage from Baird analyst and maintained its rating from Truist Securities analyst. The company recently recalled certain defibrillators.
The recall of certain defibrillators could negatively impact the company's reputation and potentially lead to a short-term decrease in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Premier, Inc. has been downgraded by analysts from Baird and Raymond James. The company plans to divest its non-healthcare GPO operations for $800 million.
The downgrade by analysts could negatively impact the stock. However, the divestment of non-healthcare GPO operations could free up resources for core operations, potentially offsetting the negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
CVS Health Corporation has maintained its ratings from Wells Fargo and Bernstein analysts. The company reported better-than-expected Q2 results and issued FY23 guidance.
The maintained ratings and better-than-expected Q2 results could boost investor confidence and potentially lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100