Wall Street's Most Accurate Analysts Say Buy These 3 Industrials Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's top analysts recommend buying three industrial stocks with dividend yields over 3%: HNI Corporation, Copa Holdings, and MSC Industrial Direct. These stocks are favored for their high free cash flows and dividends. HNI's price target was raised by Benchmark analyst Reuben Garner, and Sidoti & Co.'s Gregory Burns upgraded the stock. Copa Holdings had capacity and passenger traffic increases, and Raymond James' Savanthi Syth raised its price target. MSC Industrial Direct's sales growth led Loop Capital's Chris Dankert to upgrade the stock and raise the price target, while Baird's David Manthey also increased the target.
December 28, 2023 | 2:19 pm
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POSITIVE IMPACT
Copa Holdings maintained a Strong Buy rating from Raymond James' Savanthi Syth with a raised price target, while HSBC's Alexandre Falcao maintained a Buy rating with a reduced price target. The company reported increased capacity and passenger traffic.
The Strong Buy rating and raised price target by Raymond James, along with positive traffic reports, indicate potential short-term stock appreciation.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
HNI Corporation received a Buy rating from Benchmark analyst Reuben Garner with a raised price target, and an upgrade from Neutral to Buy by Sidoti & Co.'s Gregory Burns. Recent earnings exceeded expectations.
Positive analyst ratings and raised price targets, combined with better-than-expected earnings, suggest a favorable short-term outlook for HNI's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
MSC Industrial Direct was upgraded from Hold to Buy by Loop Capital's Chris Dankert with a significant price target increase. Baird's David Manthey also raised the price target following a sales growth report that beat estimates.
The upgrade to Buy and raised price targets by analysts, along with reported sales growth exceeding expectations, are strong indicators for a positive short-term price movement.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90