Wall Street's Most Accurate Analysts Say Hold These 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts recommend holding three consumer staples stocks with high dividend yields: Nu Skin Enterprises (NUS), PepsiCo (PEP), and Target Corporation (TGT). Analysts from DA Davidson and Stifel have adjusted their ratings and price targets for NUS, with DA Davidson cutting the target from $29 to $21 and Stifel from $35 to $27. For PEP, JP Morgan downgraded the stock and reduced the price target from $185 to $176, while Morgan Stanley maintained an Equal-Weight rating and lowered the target from $210 to $190. Citigroup and Stifel analysts have raised their price targets for TGT, with Citigroup increasing from $117 to $142 and Stifel from $130 to $141. Nu Skin reported preliminary Q4 revenue above guidance, PepsiCo named Ram Krishnan as CEO of PepsiCo Beverages North America, and Target appointed Michael Fiddelke as COO.
January 25, 2024 | 11:48 am
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NEUTRAL IMPACT
Nu Skin Enterprises has a high dividend yield of 8.53% and received mixed analyst ratings with price target cuts from DA Davidson and Stifel. Preliminary Q4 revenue was reported above guidance.
While the price target cuts could indicate a bearish outlook, the high dividend yield and better-than-expected preliminary Q4 revenue could maintain investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
PepsiCo has a dividend yield of 2.99% and saw a downgrade from JP Morgan and a price target cut from Morgan Stanley. The company announced Ram Krishnan as the new CEO of PepsiCo Beverages North America.
The downgrade and price target reduction may negatively impact the stock, but the solid dividend yield and leadership change could provide some stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Target Corporation offers a 3.16% dividend yield, with Citigroup and Stifel raising their price targets. Michael Fiddelke was named COO, effective Feb. 4, 2024.
Price target increases and the appointment of a new COO could be seen as positive indicators, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 80