Wall Street's Most Accurate Analysts' Views On 3 Materials Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their views on three high-yielding materials stocks: Sonoco Products Company (SON), Huntsman Corporation (HUN), and The Chemours Company (CC). These stocks offer dividend yields over 3% and have received mixed ratings and price target adjustments from top analysts.
May 31, 2024 | 1:26 pm
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NEUTRAL IMPACT
Huntsman Corporation (HUN) has a dividend yield of 4.05%. Wells Fargo's Michael Sison upgraded the stock to Overweight, while Stifel's Vincent Anderson maintained a Buy rating but cut the price target to $29. Huntsman recently posted weak quarterly sales.
The upgrade to Overweight is positive, but the weak quarterly sales and price target cut may offset this. The stock may see neutral short-term movement as investors weigh these factors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
The Chemours Company (CC) has a dividend yield of 3.91%. BMO Capital's John McNulty upgraded the stock to Outperform with a $34 price target, while UBS's Joshua Spector maintained a Neutral rating but raised the price target to $28. Chemours recently posted better-than-expected quarterly sales.
The upgrade to Outperform and better-than-expected sales are strong positives for Chemours. The raised price target from UBS further supports a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sonoco Products Company (SON) has a dividend yield of 3.47%. Citigroup's Anthony Pettinari maintained a Buy rating but cut the price target to $65. Argus Research's David Coleman downgraded the stock to Hold. Sonoco recently posted better-than-expected quarterly earnings.
The mixed analyst ratings and recent earnings beat suggest a positive short-term outlook for Sonoco. The downgrade to Hold may temper enthusiasm, but the Buy rating and earnings beat are likely to support the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100