Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-dividend yielding tech stocks: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and HP Inc. (HPQ). XRX has seen a full exercise of its over-allotment option for convertible senior notes and a series of financing transactions. MEI reported worse-than-expected Q3 financial results and suspended guidance. HPQ reported worse-than-expected Q1 sales results. Analyst ratings and price targets have been updated for these stocks.
April 01, 2024 | 11:17 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Methode Electronics, Inc. reported worse-than-expected Q3 results and suspended guidance, leading to a downgrade by Sidoti & Co. and a Market Perform rating from Barrington Research.
The negative Q3 financial results and suspension of guidance are likely to have a negative impact on investor sentiment and the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
NEUTRAL IMPACT
HP Inc. reported worse-than-expected Q1 sales results. Barclays maintained an Underweight rating with a raised price target, while HSBC upgraded the stock to Buy with a higher price target.
The poor Q1 sales performance is a negative factor, but the stock might find some support from HSBC's upgrade. The mixed analyst outlook suggests a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Xerox Holdings Corporation has seen positive financing activities but mixed analyst ratings. JP Morgan raised the price target to $18 with an Underweight rating, while Credit Suisse raised it to $11 with an Underperform rating.
The positive financing activities could provide some support to XRX's stock, but the mixed analyst ratings, especially with both maintaining negative outlooks, could limit any potential upside in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90