Wall Street's Most Accurate Analysts' Views On 3 Financial Stocks With Over 6% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three financial stocks with over 6% dividend yields: Main Street Capital Corporation (MAIN), New York Community Bancorp, Inc. (NYCB), and Starwood Property Trust, Inc. (STWD). MAIN received a price target increase from both Truist Securities and RBC Capital following upbeat quarterly earnings. NYCB was downgraded by Raymond James and had its price target cut by Keefe, Bruyette & Woods after announcing a significant equity investment. STWD maintained positive ratings from Wells Fargo and JP Morgan, with both analysts raising their price targets ahead of its Q1 2024 financial results release.
April 10, 2024 | 12:13 pm
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NEGATIVE IMPACT
New York Community Bancorp was downgraded by Raymond James and had its price target cut by Keefe, Bruyette & Woods after announcing a significant equity investment.
The downgrade and price target cut, despite the significant equity investment, indicate concerns among analysts about NYCB's future performance, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Main Street Capital Corporation received positive analyst attention with price target increases from Truist Securities and RBC Capital following upbeat quarterly earnings.
The positive earnings report and subsequent analyst upgrades with increased price targets suggest a bullish outlook for MAIN in the short term, likely attracting investor interest in this high-dividend-yielding stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Starwood Property Trust maintained positive ratings from Wells Fargo and JP Morgan, with both analysts raising their price targets ahead of its Q1 2024 financial results release.
The positive analyst ratings and increased price targets for STWD suggest confidence in its upcoming financial results, likely leading to investor optimism and a positive short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90