Wall Street's Most Accurate Analysts Say Hold These 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend holding three tech stocks with high-dividend yields: Juniper Networks, Cisco Systems, and Texas Instruments. These stocks are favored during market uncertainty due to their high free cash flows and dividend payouts. Juniper Networks has a dividend yield of 3.20%, with UBS and JP Morgan analysts maintaining Neutral ratings and lowering price targets. Cisco Systems, with a 3.26% yield, also has Neutral ratings from UBS and B of A Securities, with mixed price target adjustments. Texas Instruments offers a 3.40% yield, with Truist Securities and Mizuho maintaining Hold and Neutral ratings, respectively, and reducing price targets.
November 29, 2023 | 2:17 pm
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NEUTRAL IMPACT
Cisco Systems has a dividend yield of 3.26%. UBS maintained a Neutral rating with a slight price target cut, while B of A Securities also kept a Neutral rating but raised the target. The company reported weak guidance recently.
Neutral ratings and mixed price target changes reflect a cautious stance by analysts, potentially leading to a neutral short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Juniper Networks has a dividend yield of 3.20%. Analysts from UBS and JP Morgan have Neutral ratings with lowered price targets. Recent earnings exceeded expectations with positive guidance.
Neutral ratings and reduced price targets suggest a stable outlook, but recent positive earnings could counterbalance the impact of target cuts on the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Texas Instruments has a dividend yield of 3.40%. Truist Securities and Mizuho analysts hold Neutral and Hold ratings, respectively, with decreased price targets. The company had strong earnings but missed sales estimates.
Despite the reduced price targets, the strong earnings report could support the stock price, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80