Wall Street's Most Accurate Analysts Weigh In On 3 Consumer Stocks With Over 5% Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings on three consumer stocks with high dividend yields: Kohl's Corporation, The Wendy's Company, and Guess?, Inc. These stocks are appealing to investors seeking dividend income during market uncertainty. Analysts have adjusted price targets and ratings based on recent performance and news.
August 21, 2024 | 6:44 pm
News sentiment analysis
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NEGATIVE IMPACT
The Wendy's Company offers a 5.89% dividend yield. Analysts from Deutsche Bank and Stifel have maintained hold ratings, with Deutsche Bank lowering the price target. Recent revenue growth missed estimates, which may pressure the stock.
The hold ratings and reduced price target, combined with revenue growth missing estimates, suggest potential short-term pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Kohl's Corporation has a high dividend yield of 10.14%. Analysts from JP Morgan and Evercore ISI have maintained neutral ratings but lowered price targets, reflecting cautious sentiment. Recent dividend declaration may support stock price.
Analysts have maintained neutral ratings and reduced price targets, indicating cautious sentiment. However, the high dividend yield and recent dividend declaration may provide support to the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Guess?, Inc. has a 5.73% dividend yield. Analysts from B. Riley Securities and Jefferies have maintained ratings, with B. Riley raising the price target. The appointment of a new interim CFO may influence future performance.
The raised price target by B. Riley and the appointment of a new interim CFO suggest potential positive momentum for the stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70