Wall Street's Most Accurate Analysts Weigh In On 3 Industrials Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have provided their ratings on three high-yielding industrial stocks: Deluxe Corporation (DLX), Copa Holdings (CPA), and Golden Ocean Group (GOGL). These stocks offer dividend yields over 4%, making them attractive during market turbulence. Analysts have given mixed ratings, with some raising price targets and others downgrading their recommendations.
July 30, 2024 | 12:46 pm
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Golden Ocean Group (GOGL) has been downgraded by Jefferies from Buy to Hold with a price target of $15.5 and by BTIG from Buy to Neutral. The company recently appointed an interim CEO and CFO.
The downgrades from Jefferies and BTIG, along with the recent management changes, are likely to have a negative short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Copa Holdings (CPA) has received a Strong Buy rating from Raymond James with a raised price target of $168 and a Buy rating from HSBC with a reduced price target of $138. The company reported a June load factor of 86.6%, slightly down year over year.
The Strong Buy rating and raised price target from Raymond James are positive, although the slight decrease in load factor may temper enthusiasm.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Deluxe Corporation (DLX) has received a Buy rating from TD Cowen with a raised price target of $35 and a Buy rating from Northcoast Research with a price target of $27. The company will report its Q2 financial results on July 31.
The Buy ratings and raised price targets from analysts with high accuracy rates are positive indicators. Upcoming Q2 financial results could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100