Benzinga - by Lisa Levin, Benzinga Editor.
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. Here's a look at the most recent high-yield dividend stock ratings from the most accurate Wall Street analysts, according to Benzinga's Analyst Stock Ratings.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer discretionary sector.
Darden Restaurants, Inc. (NYSE: DRI)
- Dividend Yield: 3.48%
- Stephens & Co. analyst Joshua Long reiterated an Overweight rating and a price target of $170 on June 26, 2023. This analyst has an accuracy rate of 71%.
- Citigroup analyst Jon Tower maintained a Buy rating and increased the price target from $187 to $195 on June 23, 2023. This analyst has an accuracy rate of 70%.
- Recent News: Darden Restaurants said it will release its fiscal 2024 first quarter financial results on Sept. 21, 2023.
- Dividend Yield: 3.49%
- Stifel analyst Drew Crum maintained a Buy rating and cut the price target from $19 to $17 on July 7, 2023. This analyst has an accuracy rate of 70%.
- Guggenheim analyst Robert Drbul maintained a Buy rating and cut the price target from $22 to $19 on April 10, 2023. This analyst has an accuracy rate of 73%.
- Recent News: Levi Strauss & Co reported a second-quarter margin decline and issued soft FY23 EPS guidance.
- Dividend Yield: 3.56%
- Credit Suisse analyst Lauren Silberman maintained an Outperform rating and raised the price target from $31 to $32 on May 1, 2023. This analyst has an accuracy rate of 76%.
- Barclays analyst Jeffrey Bernstein maintained an Overweight rating and increased the price target from $24 to $31 on Feb. 17, 2023. This analyst has an accuracy rate of 71%.
- Recent News: An activist investor disclosed its interest in the restaurant company. According to a regulatory filing, Starboard Value owns 9.9% of Bloomin's shares.
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