Wall Street's Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding tech stocks: IBM, HP Inc., and Methode Electronics. These stocks offer dividend yields of over 3%, making them attractive during market turbulence. Recent analyst ratings and company news are highlighted for each stock.
July 02, 2024 | 11:32 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
HP Inc. has received positive analyst ratings with a Buy rating from Citigroup and an Equal-Weight rating from Barclays. The company recently appointed Karen Parkhill as CFO.
The positive analyst ratings and the appointment of a new CFO are likely to boost investor confidence in HP Inc.'s short-term performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
IBM has received mixed analyst ratings with a recent Underperform rating from Exane BNP Paribas and a Neutral rating from JP Morgan. The company also announced a strengthened cybersecurity collaboration with Microsoft.
The mixed analyst ratings suggest uncertainty about IBM's short-term performance. However, the cybersecurity collaboration with Microsoft could be a positive catalyst.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Methode Electronics has received a downgrade from Sidoti & Co. and a Market Perform rating from Barrington Research. The company recently named Jon DeGaynor as President and CEO.
The downgrade and neutral ratings suggest a cautious outlook for Methode Electronics. The new CEO appointment may not be enough to offset the negative sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100