These 3 Materials Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Three high-dividend yield materials stocks, Dow Inc. (DOW), The Scotts Miracle-Gro Company (SMG), and Eastman Chemical Company (EMN), have been recommended by Wall Street's most accurate analysts. DOW has a dividend yield of 5.58%, SMG has a yield of 5.39%, and EMN yields 4.31%. Recent news for these companies include DOW's Q2 FY23 sales beating consensus, SMG's executive team reorganization, and EMN's agreement to sell its Texas City Operations for $490 million.
October 17, 2023 | 11:41 am
News sentiment analysis
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POSITIVE IMPACT
Dow Inc. has been upgraded from Neutral to Overweight by JP Morgan analyst with a price target of $55. The company's Q2 FY23 sales beat the consensus.
The upgrade by a top analyst and better than expected Q2 FY23 sales results could lead to a positive short-term impact on DOW's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Eastman Chemical Company has entered into an agreement to sell its Texas City Operations for $490 million. The stock maintains an Overweight rating from Morgan Stanley analyst.
The sale of its Texas City Operations could provide a significant cash inflow for EMN, potentially leading to a positive short-term impact on the stock. The Overweight rating from a top analyst also supports this.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
The Scotts Miracle-Gro Company has undergone an executive team reorganization following planned retirements. The stock maintains a Strong Buy rating from Raymond James analyst.
The executive team reorganization could lead to new strategic directions for the company, potentially impacting the stock positively. The Strong Buy rating from a top analyst also supports this.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100