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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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
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
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