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Benzinga
7 hrs

Wall Street's Most Accurate Analysts Give Their Take On 3 Consumer Stocks Delivering High-Dividend Yields

1. BLMN's dividend yield stands at 8.26%. 2. BMO Capital reduced BLMN's price target from $10 to $8. 3. Barclays also cut BLMN's target from $9 to $7 due to lowered EPS guidance. 4. BLMN reported Q2 results with adjusted EPS below estimates. 5. High dividend yields are trending amid market volatility.

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FAQ

Why Bearish?

Both analysts reduced their price targets, signaling negative sentiment. Historical cases show consistent price drops following similar analyst cuts.

How important is it?

Analyst downgrades and lower EPS guidance diminish investor confidence, impacting demand. Such articles usually correlate with stock price changes.

Why Short Term?

Recent downgrades and EPS guidance cut are immediate concerns, likely affecting stock price quickly. Historical trends show immediate impacts following negative earnings guidance.

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