Wall Street's Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields
Author: Avi Kapoor | June 17, 2024 09:06am
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the materials sector.
Mizuho analyst John Roberts maintained a Neutral rating and raised the price target from $55 to $62 on April 26. This analyst has an accuracy rate of 78%.
JP Morgan analyst Jeffrey Zekauskas upgraded the stock from Neutral to Overweight and raised the price target from $55 to $61 on April 26. This analyst has an accuracy rate of 71%.
Recent News: On May 16, Dow and Freepoint Eco-Systems disclosed a supply agreement to transform plastic waste into new circular products.
Loop Capital analyst Chris Kapsch upgraded the stock from Hold to Buy and cut the price target from $26 to $23 on April 26. This analyst has an accuracy rate of 68%.
JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating and lowered the price target from $24 to $21 on Feb. 9. This analyst has an accuracy rate of 71%.
Recent News: On June 7, Compass Minerals International named Jeffrey Cathey as its new chief financial officer.
Citigroup analyst Paul McTaggart reinstated a Buy rating on May 31. This analyst has an accuracy rate of 62%.
Bernstein analyst Paul Gaitdowngraded the stock from Outperform to Market Perform on Sept. 25, 2023. This analyst has an accuracy rate of 71%.
Recent News: On May 27, Rio Tinto Group (NYSE:RIO) and BHP Group announced their plan to collaborate to test large battery-electric haul truck technology in the Pilbara, Western Australia.
