Wall Street's Most Accurate Analysts' Views On 3 Materials 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 stocks in the materials sector: Kronos Worldwide, Compass Minerals International, and Huntsman Corporation. These stocks are known for their high free cash flows and significant dividend payouts. Analysts have given mixed ratings and price target adjustments based on recent performance and financial results.
May 15, 2024 | 11:54 am
News sentiment analysis
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NEGATIVE IMPACT
Compass Minerals International has received mixed analyst ratings. JP Morgan cut the price target to $21 with a Neutral rating, while Stifel slashed the price target to $60 but maintained a Buy rating. The company issued FY24 revenue guidance below estimates.
The mixed ratings and the lower-than-expected FY24 revenue guidance suggest a negative short-term outlook for CMP. The significant cuts in price targets by both analysts indicate concerns about the company's future performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Huntsman Corporation has received positive analyst ratings. Wells Fargo upgraded the stock to Overweight, and Stifel maintained a Buy rating while slightly lowering the price target to $29. The company recently posted weak quarterly sales.
Despite the weak quarterly sales, the positive ratings from analysts, including an upgrade to Overweight by Wells Fargo, suggest a neutral to slightly positive short-term outlook for HUN. The maintained Buy rating by Stifel indicates continued confidence in the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Kronos Worldwide has received mixed analyst ratings. Barclays raised the price target to $8 with an Underweight rating, while Deutsche Bank cut the price target to $11 but maintained a Buy rating. The company recently posted better-than-expected quarterly earnings.
The mixed ratings from analysts and the recent better-than-expected earnings suggest a positive short-term outlook for KRO. The raised price target by Barclays and the maintained Buy rating by Deutsche Bank indicate confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100