Wall Street's Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields
Portfolio Pulse from Avi Kapoor
Analysts have provided ratings on three high-dividend tech stocks: Xerox, Methode Electronics, and IBM. Xerox faces a sales decline and price target cuts, Methode Electronics awaits earnings, and IBM is undergoing layoffs while receiving price target increases.
August 27, 2024 | 12:54 pm
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NEGATIVE IMPACT
Xerox reported a 10% sales decline, missing estimates, leading to a price target cut by Loop Capital and a Sell rating by Citigroup.
Xerox's sales decline and missed estimates have led analysts to cut price targets and issue Sell ratings, indicating potential short-term price pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
IBM is laying off 1,000 employees in China but has received price target increases from analysts, indicating mixed signals.
Despite layoffs, IBM's price target increases suggest mixed short-term impact, with potential investor focus on strategic shifts.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
NEUTRAL IMPACT
Methode Electronics is expected to announce earnings soon, with recent analyst downgrades to Neutral and Market Perform.
With upcoming earnings and recent downgrades, Methode Electronics' stock may see neutral short-term movement as investors await results.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 80