In times of market turbulence, many investors seek out dividend-yielding stocks. These companies typically have strong free cash flows and reward shareholders with high dividend payouts.
For the latest analyst insights on popular stocks, Benzinga offers an Analyst Stock Ratings page where traders can access a comprehensive database of analyst ratings, sorted by accuracy.
Here are the ratings from top analysts for three high-yielding stocks in the information technology sector:
1. Methode Electronics, Inc. (MEI)
– Dividend Yield: 5.06%
– Sidoti & Co. analyst John Franzreb downgraded the stock from Buy to Neutral with a 75% accuracy rate.
– Barrington Research analyst Christopher Howe reiterated a Market Perform rating with a 70% accuracy rate.
– Recent News: Kevin Nystrom was named interim CEO on May 6.
2. Telefonaktiebolaget LM Ericsson (ERIC)
– Dividend Yield: 4.66%
– JP Morgan analyst Sandeep Deshpande maintained a Neutral rating with a price target cut on April 17 and a 76% accuracy rate.
– Raymond James analyst Simon Leopold downgraded the stock from Outperform to Market Perform on Feb. 7, 2023, with a 68% accuracy rate.
– Recent News: Fadi Pharaon will resign as Senior Vice President on May 10.
3. International Business Machines Corporation (IBM)
– Dividend Yield: 3.99%
– BMO Capital analyst Keith Bachman maintained a Market Perform rating with a price target cut on April 25 and a 77% accuracy rate.
– Jefferies analyst Brent Thill maintained a Hold rating with a price target reduction on April 25 and a 77% accuracy rate.
– Recent News: IBM and SAP announced plans for collaboration on generative AI on May 8.
For more insights, check out Benzinga’s Analyst Stock Ratings page.