Wall Street's Most Accurate Analysts Say Hold These 3 Consumer Stocks Delivering High-Dividend Yields
Portfolio Pulse from Lisa Levin
Wall Street's most accurate analysts recommend holding three high-dividend yield consumer stocks: Kohl's Corporation (KSS), Leggett & Platt (LEG), and Ford Motor Company (F). KSS has a dividend yield of 8.53%, with mixed analyst ratings and a recent report of worse-than-expected Q3 sales. LEG offers a 7.48% yield, with analysts maintaining Hold ratings and reducing price targets following downbeat Q3 earnings. Ford, with a 5.66% yield, has seen a mix of rating changes and price target adjustments, but recently announced a significant EV charging port deployment initiative.
December 06, 2023 | 12:17 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Kohl's Corporation has a high dividend yield of 8.53% but reported worse-than-expected Q3 sales. Analysts have mixed views with an In-Line rating from Evercore ISI and a Neutral rating from Citigroup.
The high dividend yield is attractive, but the recent poor sales performance could dampen investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Leggett & Platt has a dividend yield of 7.48% and analysts from Truist Securities and Goldman Sachs have maintained Hold ratings with reduced price targets after Q3 earnings missed expectations.
The dividend yield is strong, but the recent earnings miss and subsequent price target reductions suggest a cautious short-term outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ford Motor Company offers a 5.66% dividend yield, with analysts giving mixed ratings. The company's Ford Pro arm plans to deploy 30,000 EV charging ports by 2030, which could be positive for the stock.
While analyst ratings are mixed, the announcement of a significant EV infrastructure project could positively influence investor sentiment in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80