Wall Street's Most Accurate Analysts Spotlight On 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have spotlighted three high-dividend yielding stocks in the consumer staples sector: B&G Foods, Altria Group, and Conagra Brands. These stocks are favored during market turbulence for their high free cash flows and dividend payouts. Recent analyst ratings and news updates for each company are provided.
June 25, 2024 | 12:42 pm
News sentiment analysis
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NEUTRAL IMPACT
B&G Foods has received mixed analyst ratings with a recent upgrade from Piper Sandler and a downgrade from TD Cowen. The company also announced a proposed credit agreement refinancing.
The mixed analyst ratings and the proposed credit agreement refinancing create a neutral short-term outlook for BGS. The high dividend yield remains attractive, but the stock's price target adjustments indicate uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Conagra Brands has received Hold and Equal-Weight ratings with raised price targets from Stifel and Wells Fargo. The company is expected to release its fiscal 2024 Q4 and full-year results on July 11.
The raised price targets and upcoming earnings report create a positive short-term outlook for Conagra Brands. Investors will be closely watching the earnings release for further direction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Altria Group has received a Buy rating from Stifel and an Equal-Weight rating from Morgan Stanley. The FDA has authorized the marketing of four menthol-flavored e-cigarette products from NJOY LLC, an Altria affiliate.
The Buy rating from Stifel and the FDA's authorization of new products are positive indicators for Altria Group. These factors are likely to boost investor confidence and support the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100