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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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
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