Top Wall Street analysts select these dividend stocks to enhance returns

). He increased the price target for Hasbro to $94 from $79 while maintaining a buy rating, and moved the stock to the Stifel Select List.

Crum acknowledged that HAS stock has been a relative laggard over the past several years due to many fundamental issues that resulted in unhappy investors. Nevertheless, the analyst is optimistic about the stock and expects higher earnings power and cash flow generation, driven by multiple catalysts like portfolio adjustments, further cost discipline, greater focus on gaming and licensing, as well as a new senior leadership team.

Crum noted that Hasbro grew its dividend for 10 consecutive years at a compound annual growth rate of over 13%, with the annual payout representing more than 50% of free cash flow, on average. However, any upward adjustments were limited following theThe analyst thinks that given the current dividend yield of around 4%, Hasbro's board might be less inclined to approve an aggressive raise from here.

Crum ranks 322nd among more than 8,500 analysts tracked by TipRanks. His ratings have been profitable 59% of the time, with each rating delivering an average return of 12.9%. (See

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street drifts as it heads toward the close of its first losing week in 3Stocks are drifting, keeping Wall Street on track to close out its first losing week in the last three.
Source: latimes - 🏆 11. / 82 Read more »

Wall Street says these gaming stocks have big upside as NFL kick-off boosts interestThese stocks tied to sports betting have significant upside, according to Wall Street analysts.
Source: CNBC - 🏆 12. / 72 Read more »