Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-dividend-yielding stocks in the consumer staples sector: Kellanova (K), Philip Morris International (PM), and Altria Group (MO). These stocks are favored during market turbulence for their high free cash flows and dividend payouts.
July 24, 2024 | 12:16 pm
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POSITIVE IMPACT
Philip Morris International (NYSE:PM) has received a Buy rating from Stifel with a raised price target and a downgrade from Argus Research. The company reported better-than-expected Q2 results and raised its FY24 EPS guidance.
The strong Q2 results and raised FY24 EPS guidance are positive indicators for Philip Morris, despite the mixed analyst ratings. This is likely to have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Kellanova (NYSE:K) has received mixed ratings from analysts. B of A Securities maintained a Neutral rating but cut the price target, while JP Morgan also maintained a Neutral rating but raised the price target. The company will release its Q2 financial results on August 1.
The mixed ratings from analysts and the upcoming Q2 financial results create a neutral short-term outlook for Kellanova. Investors will be closely watching the financial results for further direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Altria Group (NYSE:MO) has received a Buy rating from Stifel and an Equal-Weight rating from Morgan Stanley. The company will report its Q2 and first-half results on July 31.
The mixed ratings and the upcoming Q2 results create a neutral short-term outlook for Altria. Investors will be looking at the financial results for further direction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100