Benzinga - by Avi Kapoor, Benzinga Staff Writer.
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 consumer discretionary sector.
Leggett & Platt, Incorporated (NYSE: LEG)
- Dividend Yield: 8.88%
- Truist Securities analyst Keith Hughes maintained a Hold rating and cut the price target from $24 to $18 on Feb. 13, 2024. This analyst has an accuracy rate of 87%.
- Piper Sandler analyst Peter Keith maintained an Underweight rating and lowered the price target from $21 to $18 on Nov. 1, 2023. This analyst has an accuracy rate of 75%.
- Recent News: On Feb. 8, Leggett & Platt reported worse-than-expected fourth-quarter financial results and issued FY24 adjusted EPS and revenue guidance below estimates.
- Dividend Yield: 6.46%
- Citigroup analyst Michael Rollins maintained a Buy rating and raised the price target from $19 to $20 on Feb. 1, 2024. This analyst has an accuracy rate of 77%.
- Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $28 to $29 on Jan. 31, 2024. This analyst has an accuracy rate of 71%.
- Recent News: AT&T recently announced it will offer a billing credit to customers affected by a significant network outage last week, impacting subscribers nationwide.
- Dividend Yield: 5.45%
- JP Morgan analyst Tami Zakaria maintained a Neutral rating and raised the price target from $52 to $54 on Feb. 14, 2024. This analyst has an accuracy rate of 75%.
- DA Davidson analyst Linda Bolton Weiser downgraded the stock from Buy to Neutral on Jan. 2, 2024. This analyst has an accuracy rate of 66%.
- Recent News: On Feb. 13, Hasbro reported worse-than-expected fourth-quarter financial results.
Read More: Kroger, Broadcom And 3 Stocks To Watch Heading Into Thursday
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.