Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks With Over 4% Dividend Yields
Portfolio Pulse from Avi Kapoor
Wall Street's most accurate analysts have spotlighted three high-yielding materials stocks: Compass Minerals International, Dow Inc., and Sonoco Products Company. These stocks offer dividend yields over 4% and have received recent analyst ratings and updates.
August 15, 2024 | 11:50 am
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POSITIVE IMPACT
Compass Minerals International (NYSE:CMP) has a dividend yield of 6.19%. Loop Capital upgraded the stock to Buy, while JP Morgan maintained a Neutral rating. Recent news includes the appointment of Jeffrey Cathey as CFO.
The upgrade to Buy by Loop Capital and the appointment of a new CFO are positive signals for CMP. The high dividend yield further supports a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sonoco Products Company (NYSE:SON) has a dividend yield of 4.18%. Analysts from Wells Fargo and Citigroup maintained their ratings but cut price targets. Sonoco posted better-than-expected quarterly earnings on July 31.
Despite the price target cuts, the better-than-expected earnings report is a positive indicator for SON, suggesting a bullish short-term outlook.
CONFIDENCE 88
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Dow Inc. (NYSE:DOW) has a dividend yield of 5.31%. Analysts from Mizuho and Wells Fargo maintained their ratings but cut price targets. Dow declared a quarterly dividend of 70 cents per share on Aug. 14.
While the dividend declaration is positive, the cut in price targets by analysts suggests a neutral short-term outlook for DOW.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100