Wall Street's Most Accurate Analysts Give Their Take 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: Xerox Holdings Corporation (XRX), Methode Electronics, Inc. (MEI), and International Business Machines Corporation (IBM). These stocks offer dividend yields of over 3%, making them attractive to investors seeking stable returns. Analysts have given mixed ratings, with some downgrades and price target adjustments.
July 17, 2024 | 12:12 pm
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NEGATIVE IMPACT
Xerox Holdings Corporation (XRX) has received a Sell rating from Citigroup and an Underweight rating from JP Morgan, with price targets of $11 and $17 respectively. The stock offers a high dividend yield of 8.41%.
The Sell and Underweight ratings from highly accurate analysts suggest a bearish outlook for Xerox. The high dividend yield may attract some investors, but the negative ratings and price target cuts are likely to put downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
International Business Machines Corporation (IBM) has received an Underperform rating from Exane BNP Paribas and a Neutral rating from JP Morgan, with price targets of $145 and $185 respectively. The stock offers a dividend yield of 3.60%.
The Underperform and Neutral ratings suggest a cautious outlook for IBM. The dividend yield is decent, but the mixed ratings and price target cuts indicate limited short-term upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Methode Electronics, Inc. (MEI) has been downgraded from Buy to Neutral by Sidoti & Co. and has a Market Perform rating from Barrington Research. The stock offers a dividend yield of 4.03%.
The downgrade to Neutral and Market Perform ratings indicate a cautious outlook for Methode Electronics. The dividend yield is attractive, but the mixed ratings suggest limited short-term upside.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100