Wall Street's Most Accurate Analysts Give Their Take On 3 Industrials Stocks Delivering High-Dividend Yields
Author: Avi Kapoor | August 13, 2024 09:10am
During times of turbulence and uncertainty in the markets, 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 industrials sector.
Jefferies analyst Omar Nokta maintained a Buy rating and raised the price target from $26 to $27 on May 9. This analyst has an accuracy rate of 75%.
Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $22 to $23 on April 19. This analyst has an accuracy rate of 70%.
Recent News: On Aug. 7, Genco Shipping & Trading posted better-than-expected quarterly earnings.
Barclays analyst Brandon Oglenski maintained an Equal-Weight rating and cut the price target from $55 to $45 on July 10. This analyst has an accuracy rate of 62%.
Deutsche Bank analyst Michael Linenberg downgraded the stock from Buy to Hold and cut the price target from $75 to $53 on July 8. This analyst has an accuracy rate of 75%.
Recent News: On July 31, Allegiant Travel reported second-quarter financial results and issued third-quarter EPS guidance below estimates.
Truist Securities analyst Jake Bartlettdowngraded the stock from Buy to Hold and cut the price target from $34 to $28 on Aug. 9. This analyst has an accuracy rate of 75%.
Stifel analyst Michael Hoffman reiterated a Buy rating and raised the price target from $30 to $32 on March 15. This analyst has an accuracy rate of 83%.
Recent News: On Aug. 8, Karat Packaging reported worse-than-expected second-quarter financial results.
