Check Out 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three high-yielding dividend stocks in the materials sector have been highlighted by Wall Street's most accurate analysts. These include Tronox Holdings (TROX) with a dividend yield of 3.72%, Eastman Chemical Company (EMN) with a yield of 3.69%, and International Flavors & Fragrances (IFF) with a yield of 4.70%. Recent news for these companies include weaker-than-expected earnings for TROX, upbeat earnings for EMN, and worse-than-expected Q2 results and a reduced FY23 outlook for IFF.
August 31, 2023 | 2:08 pm
News sentiment analysis
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NEGATIVE IMPACT
International Flavors & Fragrances reported worse-than-expected second-quarter results and issued a reduced FY23 outlook. The stock has a Neutral rating from JP Morgan with a price target of $67.
The worse-than-expected Q2 results and reduced FY23 outlook are likely to have a negative impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Tronox Holdings posted weaker-than-expected quarterly earnings. The stock was upgraded from Underperform to Neutral by Credit Suisse and has a price target of $13.
The weaker-than-expected earnings could negatively impact the stock price. However, the upgrade from Credit Suisse might mitigate some of the negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Eastman Chemical Company posted upbeat quarterly earnings. The stock has an Overweight rating from Morgan Stanley with a price target of $115.
The positive earnings report and the Overweight rating from Morgan Stanley are likely to have a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100