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 information technology sector.
Juniper Networks, Inc. (NYSE: JNPR)
- Dividend Yield: 3.12%
- Citigroup analyst Atif Malik maintained a Buy rating and cut the price target from $38 to $35 on July 28, 2023. This analyst has an accuracy rate of 80%.
- Needham analyst Alex Henderson maintained a Buy rating and cut the price target from $41 to $33 on July 28, 2023. This analyst has an accuracy rate of 75%.
- Recent News: Juniper Networks posted better-than-expected quarterly earnings.
- Dividend Yield: 3.43%
- Morgan Stanley analyst Meta Marshall reiterated an Overweight rating with a price target of $38 on July 26, 2023. This analyst has an accuracy rate of 73%.
- Citigroup analyst Asiya Merchant upgraded the stock from Neutral to Buy and raised the price target from $36 to $40 on June 15, 2023. This analyst has an accuracy rate of 68%.
- Recent News: Corning reported a second-quarter FY23 core sales decline of 7% year-on-year to $3.482 billion, beating the consensus of $3.480 billion. Core EPS of $0.45 missed the consensus of $0.46.
- Dividend Yield: 4.24%
- Rosenblatt analyst Kevin Cassidy maintained a Buy rating and cut the price target from $70 to $68 on July 27, 2023. This analyst has an accuracy rate of 74%.
- B of A Securities analyst Wamsi Mohan maintained a Buy rating and cut the price target from $71 to $70 on June 8, 2023. This analyst has an accuracy rate of 73%.
- Recent News: Seagate Technology reported better-than-expected fourth-quarter earnings results and issued first-quarter guidance.
Read More: HP, Salesforce And 3 Stocks To Watch Heading Into Wednesday
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