Wall Street's Most Accurate Analysts' Views On 3 Industrials Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three high-dividend yielding industrials stocks: Kennametal Inc. (KMT), Allegiant Travel Company (ALGT), and Trinity Industries, Inc. (TRN). These updates include changes in price targets and ratings, reflecting the analysts' views on the current and future performance of these companies. Notably, Kennametal has appointed a new President & CEO, Allegiant reported its February 2024 traffic, and Trinity Industries is set to report its Q1 2024 financial results soon.
April 12, 2024 | 11:57 am
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NEUTRAL IMPACT
Allegiant Travel Company's price targets were lowered by Susquehanna and Raymond James, following a report on February 2024 traffic. Dividend yield at 2.84%.
The adjustments in price targets reflect cautious optimism by analysts, balanced by the recent traffic report which could indicate ongoing recovery or challenges in the travel sector.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Kennametal Inc. sees price target adjustments from Barclays and JP Morgan, with a new CEO appointment. Dividend yield at 3.34%.
The appointment of a new CEO could signal positive changes and stability for Kennametal, potentially offsetting the negative impact of lowered price targets by analysts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Trinity Industries, Inc. receives price target updates from Susquehanna and Stephens & Co., with a high dividend yield of 4.04%. Q1 2024 results announcement is upcoming.
The anticipation of Q1 2024 financial results may influence investor sentiment, while the adjustments in price targets reflect a nuanced view of the company's short-term prospects.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80