Beat Inflation With These 3 High-Yielding Dividend Stocks In Industrials Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
The article discusses three high-yielding dividend stocks in the industrials sector recommended by Wall Street's most accurate analysts. 3M Company (MMM) has a dividend yield of 5.85% and received mixed reviews from analysts, with an upgrade from Barclays and a maintained Underperform rating from RBC Capital. Costamare Inc. (CMRE) offers a 4.93% dividend yield, with Citigroup maintaining a Buy rating despite a price target cut, and Jefferies downgrading the stock. Star Bulk Carriers Corp. (SBLK) has the highest dividend yield at 7.74%, with Jefferies and Stifel maintaining Buy ratings but adjusting their price targets. Recent news includes 3M's better-than-expected Q3 results and raised FY23 guidance, Costamare's Q3 revenue growth beating consensus, and Star Bulk's merger plans with Eagle Bulk Shipping.
December 13, 2023 | 1:29 pm
News sentiment analysis
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POSITIVE IMPACT
3M Company received an upgrade from Barclays and a price target increase, indicating a potentially positive short-term impact on the stock.
The upgrade from Barclays and raised price target, combined with better-than-expected Q3 results and raised FY23 guidance, suggest a positive sentiment that could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Star Bulk Carriers Corp. maintains Buy ratings from Jefferies and Stifel with adjusted price targets and announced merger plans, indicating a positive short-term impact.
Consistent Buy ratings from analysts and the news of a merger with Eagle Bulk Shipping could drive positive investor sentiment and a short-term rise in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Costamare Inc. maintains a Buy rating from Citigroup with a reduced price target, while Jefferies downgraded the stock, indicating mixed short-term impact.
Despite the downgrade from Jefferies, Citigroup's maintained Buy rating and the significant Q3 revenue growth beating consensus may balance the short-term impact on the stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70