Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their latest ratings on three high-dividend-yielding industrial stocks: Resources Connection, Inc. (RGP), United Parcel Service, Inc. (UPS), and Stanley Black & Decker, Inc. (SWK). The analysts have adjusted their price targets and ratings based on recent performance and market conditions.
July 01, 2024 | 12:51 pm
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POSITIVE IMPACT
United Parcel Service, Inc. (UPS) has received varied ratings from analysts. Evercore ISI Group's Jonathan Chappell maintained an In-Line rating and cut the price target to $145, while Wells Fargo's Christian Wetherbee initiated coverage with an Overweight rating and a price target of $156. UPS recently agreed to sell its Coyote Logistics business unit for $1.025 billion.
The sale of Coyote Logistics for $1.025 billion is a significant positive development, likely to boost UPS's financial position. The mixed ratings from analysts suggest some caution, but the overall impact is likely positive in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Resources Connection, Inc. (RGP) has received mixed ratings from analysts. Baird's Mark Marcon maintained a Neutral rating and cut the price target to $13, while JP Morgan's Andrew Steinerman maintained an Underweight rating and lowered the price target to $14. The company recently posted upbeat quarterly earnings.
The mixed ratings from analysts and the recent upbeat earnings suggest a neutral short-term impact on RGP's stock price. The dividend yield remains attractive, but the lowered price targets indicate caution.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Stanley Black & Decker, Inc. (SWK) has received downgraded ratings from analysts. Barclays' Julian Mitchell downgraded the stock to Equal-Weight and cut the price target to $86, while Baird's Timothy Wojs maintained a Neutral rating and cut the price target to $80. The company is expected to report its second quarter 2024 earnings on July 30.
The downgraded ratings and lowered price targets from analysts indicate a negative short-term outlook for SWK. Investors may be cautious ahead of the upcoming earnings report.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100