Wall Street's Most Accurate Analysts' Views On 3 Risk Off Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-yielding consumer staples stocks: B&G Foods, Inc. (BGS), Philip Morris International Inc. (PM), and Conagra Brands, Inc. (CAG). BGS received downgrades with a significant cut in price targets, PM maintained an Overweight rating with a slight cut in price targets, and CAG saw a downgrade and a cut in its price target. These ratings come amidst market turbulence, with investors looking towards dividend-yielding stocks for stability.
February 27, 2024 | 12:11 pm
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NEGATIVE IMPACT
B&G Foods received downgrades from analysts with a significant cut in price targets, indicating potential concerns over its performance.
The downgrades and significant price target cuts from analysts with high accuracy rates suggest a bearish outlook for BGS, likely affecting its stock price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Conagra Brands was downgraded and saw a cut in its price target, indicating potential challenges ahead.
The downgrade and price target cut for CAG, especially in light of mixed financial results and reduced guidance, suggest a bearish outlook that could negatively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Philip Morris maintained an Overweight rating but saw slight cuts in price targets, reflecting a cautiously optimistic view from analysts.
Despite the slight cut in price targets, the maintenance of an Overweight rating by analysts suggests a stable outlook for PM, with potential for steady performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80