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

1. Conagra's current dividend yield is 6.15%. 2. JP Morgan cut CAG's price target from $26 to $25. 3. Morgan Stanley initiated coverage with Equal-Weight rating at $27. 4. Hometown Food plans to acquire Chef Boyardee for $600 million. 5. Analysts' ratings for CAG signal mixed outlook amidst market uncertainties.

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FAQ

Why Bearish?

The price target cut by JP Morgan indicates decreased confidence in stock performance. Historical trends show significant price drops following similar reductions.

How important is it?

The acquisition could strengthen brand portfolio but current price cuts dampen investor outlook. Analysts' mixed ratings can lead to uncertain investor sentiment.

Why Short Term?

The immediate impact from the price downgrade and acquisition news likely affects short-term trading. Recent market movements suggest volatility around earnings-related events.

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