Wall Street's Most Accurate Analysts' Views On 3 Defensive Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided updates on three high-dividend yielding stocks in the consumer staples sector: Cal-Maine Foods, Inc. (CALM), Philip Morris International Inc. (PM), and The Kraft Heinz Company (KHC). These updates include ratings and price target adjustments, reflecting the analysts' views on the stocks' future performance. Additionally, recent news for each company is highlighted, such as executive retirements and upcoming earnings reports.
April 22, 2024 | 12:56 pm
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POSITIVE IMPACT
The Kraft Heinz Company receives a Buy rating from B of A Securities and an Equal-Weight rating from Wells Fargo. The company is set to release its Q1 2024 financial results on May 1, 2024.
Positive ratings from analysts indicate a favorable outlook for KHC, with upcoming financial results potentially reinforcing this perspective.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Philip Morris International Inc. maintains Overweight ratings from analysts despite price target cuts. The company is expected to report its Q1 earnings on April 23, 2024.
Overweight ratings with price target adjustments suggest analysts see value in PM despite potential short-term challenges. Upcoming earnings could impact stock.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEUTRAL IMPACT
Cal-Maine Foods, Inc. received mixed ratings from analysts, with a Sell rating from Goldman Sachs and an Equal-Weight rating from Stephens & Co. The company also announced the retirement of Jeff Hardin, Senior VP of Sales.
The mixed analyst ratings indicate uncertainty in CALM's stock direction, while executive retirement could signal internal changes affecting operations.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80