Don't Miss These 3 Consumer Stocks With Over 3% Dividend Yields From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided ratings for three consumer discretionary stocks with over 3% dividend yields. Darden Restaurants (DRI) received an Outperform rating from Oppenheimer and a Buy from Truist Securities, with recent upbeat earnings. The Cheesecake Factory (CAKE) was upgraded to Outperform by Wedbush despite downbeat quarterly results. Marriott Vacations Worldwide (VAC) saw a downgrade to Equal-Weight by Barclays and a maintained Buy rating from Truist Securities, with a new board member appointment.
January 08, 2024 | 1:51 pm
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NEUTRAL IMPACT
The Cheesecake Factory was upgraded to Outperform by Wedbush despite recent downbeat quarterly results, indicating a potential rebound.
The upgrade by Wedbush suggests a positive outlook, but the recent downbeat quarterly results may temper short-term stock performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Marriott Vacations received a downgrade from Barclays but maintained a Buy rating from Truist Securities, with a new board member appointment.
The mixed analyst ratings and recent board appointment create uncertainty, likely resulting in a neutral short-term impact on VAC's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Darden Restaurants received positive ratings from analysts with a recent increase in price target and reported upbeat earnings for its second quarter.
Positive analyst ratings and recent upbeat earnings suggest a favorable short-term outlook for DRI, potentially leading to an increase in stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90