Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks With Over 6% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their latest ratings on three high-yielding consumer discretionary stocks: Kohl’s Corporation (KSS), Whirlpool Corporation (WHR), and The Wendy’s Company (WEN). These stocks offer dividend yields of over 6%, making them attractive to investors seeking income during market turbulence.
June 24, 2024 | 12:09 pm
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POSITIVE IMPACT
The Wendy’s Company (WEN) has received stable analyst ratings. TD Cowen's Andrew Charles reiterated a Hold rating with a $19 price target, while JP Morgan's John Ivankoe maintained a Neutral rating and raised the price target to $20. The company recently appointed new presidents for its U.S. and International divisions.
Stable analyst ratings and recent leadership appointments could provide a positive short-term impact on Wendy’s stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
Whirlpool Corporation (WHR) has received cautious analyst ratings. RBC Capital's Mike Dahl maintained an Underperform rating and cut the price target to $79, while JP Morgan's Michael Rehaut maintained a Neutral rating and cut the price target to $111. The company posted better-than-expected quarterly results recently.
Despite cautious analyst ratings, Whirlpool's better-than-expected quarterly results may provide some support to its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Kohl’s Corporation (KSS) has received mixed analyst ratings. JP Morgan's Matthew Boss maintained a Neutral rating and cut the price target to $20, while Baird's Mark Altschwager maintained an Outperform rating but also cut the price target to $27. The company recently reported a 5.3% decline in Q1 FY24 sales, missing estimates.
The mixed analyst ratings and recent sales decline suggest potential short-term downward pressure on Kohl’s stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100