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
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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
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