Beat Inflation With These 3 High-Yielding Dividend Stocks In Materials Sector From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
The article discusses three high-yielding dividend stocks in the materials sector, recommended by Wall Street's most accurate analysts according to Benzinga's Analyst Stock Ratings. The Chemours Company (CC) has a dividend yield of 3.47% and received mixed ratings with a price target cut. Sonoco Products Company (SON) offers a 3.64% yield and was downgraded to Hold, with a price increase announcement for its products. International Paper Company (IP) has the highest yield at 5.01%, with a Hold rating and a mixed direction in price targets. All companies are facing market turbulence and have recent news affecting their outlook.
January 18, 2024 | 12:22 pm
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NEUTRAL IMPACT
International Paper Company offers a 5.01% dividend yield. Jefferies maintained a Hold rating with a slight price target cut, while Citigroup raised the target. The upcoming earnings release could influence the stock's direction.
Despite the Hold rating from Jefferies and a price target cut, Citigroup's increased price target and the high dividend yield suggest a balanced short-term impact, with the upcoming earnings release as a key factor.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Sonoco Products Company has a dividend yield of 3.64%. It was downgraded to Hold by Argus Research, and Citigroup cut the price target slightly. The company announced a price increase for its products, which may offset analyst concerns.
The downgrade to Hold and the price target reduction are negative, but the announced price increase for products could mitigate the impact, leading to a neutral short-term outlook.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Chemours Company has a dividend yield of 3.47%. Analysts have mixed views, with JP Morgan cutting the price target to $26 and BMO Capital to $39. Recent weaker-than-expected quarterly results could impact the stock.
The price target cuts by JP Morgan and BMO Capital, combined with recent weaker-than-expected quarterly results, suggest a negative short-term impact on CC's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80