Wall Street's Most Accurate Analysts Spotlight On 3 Defensive Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
The article highlights three defensive stocks with high dividend yields: Walgreens Boots Alliance, Conagra Brands, and Philip Morris International. Analysts have provided ratings and price targets for these stocks, with recent news impacting their outlook.
August 22, 2024 | 12:12 pm
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POSITIVE IMPACT
Philip Morris International offers a 4.33% dividend yield. Analysts from Barclays and JP Morgan have raised price targets following strong earnings and an improved EPS outlook.
The raised price targets and strong earnings report suggest a positive short-term outlook, supported by a solid dividend yield.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 85
NEUTRAL IMPACT
Walgreens Boots Alliance has a high dividend yield of 9.62%. Analysts from UBS and RBC Capital have cut their price targets, reflecting cautious sentiment. Recent strategic partnership with BARDA could influence future performance.
The high dividend yield is attractive, but the reduced price targets by analysts suggest caution. The partnership with BARDA could be a positive catalyst, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Conagra Brands has a dividend yield of 4.55%. Analysts from Evercore ISI and Wells Fargo have slightly reduced price targets. Recent poor sales results may weigh on short-term performance.
The reduced price targets and poor sales results suggest a negative short-term outlook, despite the attractive dividend yield.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85