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 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 information technology sector.
Xerox Holdings Corporation (NASDAQ:XRX)
- Dividend Yield: 9.81%
- Loop Capital analyst Ananda Baruah maintained a Hold rating and lowered the price target from $14 to $11 on Aug. 14. This analyst has an accuracy rate of 75%.
- Citigroup analyst Asiya Merchant initiated coverage on the stock with a Sell rating and a price target of $11 on June 28. This analyst has an accuracy rate of 74%.
- Recent News: On Sept. 17, Xerox said CFO Xavier Heiss will retire on Feb. 1, 2025.
- Benzinga Pro's real-time newsfeed alerted to latest XRX news.
HP Inc. (NYSE:HPQ)
- Dividend Yield: 3.06%
- Citigroup analyst Asiya Merchant downgraded the stock from Buy to Neutral with a price target of $37 on Oct. 1. This analyst has an accuracy rate of 74%.
- B of A Securities analyst Wamsi Mohan downgraded the stock from Buy to Neutral with a price target of $37 on Sept. 27. This analyst has an accuracy rate of 74%.
- Recent News: On Sept. 25, HP reported the acquisition of Vyopta for an undisclosed price.
- Benzinga Pro's real-time newsfeed alerted to latest HPQ news.
Cisco Systems, Inc. (NASDAQ:CSCO)
- Dividend Yield: 3.03%
- Evercore ISI Group analyst Amit Daryanani maintained an Outperform rating and raised the price target from $55 to $60 on Sept. 20. This analyst has an accuracy rate of 74%.
- New Street Research analyst Pierre Ferragu upgraded the stock from Neutral to Buy with a price target of $57 on Aug. 15. This analyst has an accuracy rate of 77%.
- Recent News: On Oct. 1, VAST Data expanded its partnership with Cisco to deliver end-to-end, full stack AI infrastructure.
- Benzinga Pro's charting tool helped identify the trend in CSCO stock.
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