Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three high-yielding industrials stocks: 3M Company (MMM), Copa Holdings (CPA), and United Parcel Service (UPS). MMM's price targets were cut by Citigroup and Mizuho due to FY24 EPS guidance below estimates, despite better-than-expected Q4 EPS. CPA's price target was raised by Raymond James and cut by HSBC, following better-than-expected Q4 earnings. UPS saw an upgrade from UBS and a price target cut from Raymond James, after reporting disappointing Q4 sales and FY24 sales guidance.
February 15, 2024 | 12:24 pm
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NEGATIVE IMPACT
3M Company's price targets were cut by Citigroup and Mizuho following FY24 EPS guidance below estimates, despite better-than-expected Q4 EPS.
The reduction in price targets by analysts due to lower than expected FY24 EPS guidance, despite a strong Q4 performance, suggests a cautious outlook on MMM's short-term stock performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
United Parcel Service was upgraded by UBS and saw a price target cut from Raymond James, after reporting worse-than-expected Q4 sales and FY24 sales guidance.
The upgrade by UBS might offset the negative impact of disappointing sales results and guidance, leading to a neutral short-term impact on UPS's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Copa Holdings' price target was raised by Raymond James and cut by HSBC, following better-than-expected Q4 earnings.
The mixed adjustments in CPA's price targets, with an overall positive earnings report, indicate a potentially positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85