Top Wall Street analysts are bullish on these 3 dividend stocks for passive income
Tracking top analysts can help investors shortlist attractive dividend stocks, as these experts provide useful insights.
Three top Wall Street analysts recommend dividend stocks as potential sources of passive income. Expand Energy, a natural gas producer, recently acquired Twin Eagle Holdings, which is expected to bolster its marketing and commercial goals. The company declared a dividend of nearly 58 cents per share, with a yield of 2.5%. Analyst Doug Leggate reaffirmed a buy rating and raised the price target to $114.
SM Energy, an operator of oil and gas assets across four U.S. shale basins, offers a quarterly dividend of 22 cents per share, or 88 cents annually, with a yield of 2.7%. Analyst Leo Mariani reaffirmed a buy rating and raised the price target to $34. Oilfield services provider SLB reported better-than-expected Q2 earnings, driven by growth across international markets and better-than-anticipated results. Analyst Neil Mehta reaffirmed a buy rating with a price target of $62.
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