Wall Street's Most Accurate Analysts' Views On 3 Tech Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-yielding tech stocks: Xerox Holdings Corporation (XRX), Telefonaktiebolaget LM Ericsson (ERIC), and Methode Electronics, Inc. (MEI). XRX has a dividend yield of 5.93% with mixed analyst ratings and a recent partnership in Peru and Ecuador. ERIC, with a 5.11% yield, received downgrades amid news of its effective anti-corruption compliance program. MEI offers a 4.47% yield, with recent coverage initiations and downgrades, alongside news of its CFO's retirement.
April 15, 2024 | 12:20 pm
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NEUTRAL IMPACT
Xerox Holdings Corporation has a high dividend yield of 5.93%, with analysts giving mixed ratings but acknowledging its growth potential through new partnerships.
The mixed analyst ratings with a recent partnership announcement could balance market sentiment, leading to a neutral short-term impact on XRX's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
ERIC's dividend yield stands at 5.11%, with recent downgrades from analysts despite the US Department of Justice certifying its anti-corruption compliance program.
The analyst downgrades could negatively impact investor sentiment in the short term, despite positive news on its compliance program.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Methode Electronics, with a 4.47% dividend yield, faces analyst downgrades and the upcoming retirement of its CFO, potentially impacting investor confidence.
Analyst downgrades and the CFO's retirement announcement could lead to negative investor sentiment, affecting MEI's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 75