Did You Miss These 3 High-Yielding Dividend Stocks In Tech Sector From Wall Street's Most Accurate Analysts?
Portfolio Pulse from Avi Kapoor
The article discusses three high-yielding dividend stocks in the tech sector with recent analyst ratings and news updates. Xerox Holdings Corporation (XRX) has a dividend yield of 5.38% but received downgraded price targets from JP Morgan and Credit Suisse. ADTRAN Holdings, Inc. (ADTN) offers a 4.86% dividend yield, with analysts from Argus Research and Northland Capital Markets downgrading the stock. Corning Incorporated (GLW) has a 3.66% dividend yield, with JP Morgan maintaining a Neutral rating and Citigroup maintaining a Buy rating, though both lowered their price targets. Recent news includes Xerox's mixed financial results and reduced revenue guidance, ADTRAN's new Terafactory in Germany, and Corning's sales decline in Q3 FY23.
December 29, 2023 | 11:36 am
News sentiment analysis
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Xerox Holdings has a high dividend yield but faces downgraded price targets from JP Morgan and Credit Suisse, indicating potential concerns about its financial performance.
The downgraded price targets from analysts with high accuracy rates suggest a bearish outlook for XRX, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
ADTRAN Holdings has a solid dividend yield but received downgrades from analysts, which could overshadow the positive news of its new Terafactory in Germany.
While the opening of a new Terafactory is positive, the downgrades from analysts may have a neutral to slightly negative short-term impact on ADTN's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Corning Incorporated maintains a decent dividend yield with mixed analyst ratings. Despite a sales decline, Citigroup maintains a Buy rating.
The maintained Buy rating from Citigroup could balance the negative impact of the sales decline, leading to a neutral short-term impact on GLW's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85