Wall Street’s Most Accurate Analysts’ Views On 3 Tech Stocks Delivering High-Dividend Yields – Cisco Systems (NASDAQ:CSCO), Corning (NYSE:GLW)

By DailyBubble On Apr 29, 2024 15 0

During times of market turbulence and uncertainty, many investors seek out dividend-yielding stocks. These companies typically have strong free cash flows and reward shareholders with high dividend payouts. Benzinga readers can stay informed on analyst ratings for their favorite stocks by checking out our Analyst Stock Ratings page.

Here are the ratings from some of the most accurate analysts for three high-yielding stocks in the information technology sector:

1. Methode Electronics, Inc. (MEI)
– Dividend Yield: 4.58%
– Jefferies analyst Saree Boroditsky initiated coverage with a Hold rating and a price target of $12 on April 9, 2024, boasting a 61% accuracy rate.
– Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral on March 7, 2024, with a 75% accuracy rate.
– Recent News: CFO Ronald Tsoumas announced his retirement from Methode Electronics, effective July 12, 2024.

2. Corning Incorporated (GLW)
– Dividend Yield: 3.57%
– Morgan Stanley analyst Meta Marshall maintained an Overweight rating with a price target of $35 on April 22, with a 72% accuracy rate.
– JP Morgan analyst Samik Chatterjee maintained a Neutral rating and raised the price target from $34 to $36 on April 11, with a 70% accuracy rate.
– Recent News: Corning reported a fourth-quarter FY23 core sales decline of 10% year-on-year to $3.27 billion on Jan. 30.

3. Cisco Systems, Inc. (CSCO)
– Dividend Yield: 3.34%
– JP Morgan analyst Samik Chatterjee reinstated a Neutral rating with a price target of $53 on April 22, boasting a 70% accuracy rate.
– B of A Securities analyst Tal Liani upgraded the stock from Neutral to Buy and increased the price target from $55 to $60 on April 15, with a 78% accuracy rate.
– Recent News: Cisco announced new multifunctional collaboration devices for hybrid work on March 25.