Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 3% Dividend Yields
Author: Avi Kapoor | July 11, 2024 07:56am
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 consumer staples sector.
B of A Securities analyst Bryan Spillane maintained a Buy rating and raised the price target from $68 to $70 on July 10. This analyst has an accuracy rate of 68%.
Morgan Stanley analyst Dara Mohsenianmaintained an Overweight rating and raised the price target from $68 to $70 on June 10. This analyst has an accuracy rate of 74%.
Recent News: The Coca-Cola Company said it will release second quarter financial results on July 23, before the opening bell.
BMO Capital analyst Andrew Strelzik maintained a Market Perform rating and cut the price target from $66 to $60 on March 13. This analyst has an accuracy rate of 81%.
Stifel analyst Vincent Anderson downgraded the stock from Buy to Hold and slashed the price target from $116 to $56 on Jan. 22. This analyst has an accuracy rate of 72%.
Recent News: On July 10, ADM named Monish Patolawala as Executive Vice President and Chief Financial Officer.
