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Investors hunting for income ought to look to small-cap stocks for a few high-quality dividend payers, according to Bank of America. There are names within it that offer quality dividend yields, according to Jill Carey Hall, equity strategist at Bank of America, in a Monday research report. Further, once the Federal Reserve begins cutting rates, yields paid on cash will fall, and that will make these dividend payers even more attractive for income. Finally, Bank of America added Essential Properties Realty Trust to its list of buy-rated dividend payers. The stock has a dividend yield of 4.2%, and shares are up 7.5% in 2024.
Persons: Russell, Jill Carey, Peter Galbo, Utz, Alton Stump, Stump, Nick Joseph Organizations: Bank of America, Nasdaq, Federal Reserve, Brands, Properties Realty Trust, Citi Locations: West, Midwest, Southwest, Hanover , Pennsylvania, comps
The other buy-rated stocks are Raymond James Financial , S & P Global , Monster Beverage and Topgolf Callaway Brands. The analyst said he's bullish on each of Raymond James' individual businesses including asset management, capital markets and brokerage services. Further, Raymond James offers a steady stream of organic growth and a "cheap valuation," McLaughlin said. Raymond James is also in a place to take advantage of the current high rate environment, he added. Raymond James Financial "Reiterate Buy; cheap valuation + overlooked qualities.
Persons: Raymond James Financial, Raymond James, Mark McLaughlin, he's, RJF, McLaughlin, Peter Galbo, Galbo, MNST, Topgolf, Alexander Perry, Topgolf Callaway, Perry, … MODG Organizations: of America, Nvidia, CNBC, Bank of, P, Monster Beverage, Topgolf Callaway Brands, Raymond James Financial, Beverage, , IHS Locations: comps, Topgolf
BofA's Peter Galbo makes a bullish argument for Utz stock
  + stars: | 2024-03-14 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBofA's Peter Galbo makes a bullish argument for Utz stockPeter Galbo, Bank of America research analyst, joins 'The Exchange' to discuss his bullish outlook for Utz.
Persons: Peter Galbo Organizations: Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot expecting any outright deflation in the packaged food industry, says BofA's Peter GalboPeter Galbo, research analyst at Bank of America, joins 'The Exchange' to discuss deflation in the packaged food industry, the state of the consumer in the space, and more.
Persons: BofA's Peter Galbo Peter Galbo Organizations: Bank of America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Laura Rea Dickey, Peter Galbo and Tim SeymourPeter Galbo, research analyst at Bank of America, Tim Seymour, Seymour Asset Management CIO, and Laura Rea Dickey, CEO of Dickey's Barbecue, join 'Power Lunch' to discuss the impact of food inflation on restaurants, passing along rising prices to the consumer, and the expected timeline for soaring beef prices.
Persons: Laura Rea Dickey, Peter Galbo, Tim Seymour Peter Galbo, Tim Seymour Organizations: Bank of America, Seymour, Management
Soaring beef prices are hurting restaurant's bottom line
  + stars: | 2023-06-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSoaring beef prices are hurting restaurant's bottom linePeter Galbo, research analyst at Bank of America, Tim Seymour, Seymour Asset Management CIO, and Laura Rea Dickey, CEO of Dickey's Barbecue, join 'Power Lunch' to discuss the impact of food inflation on restaurants, passing along rising prices to the consumer, and the expected timeline for soaring beef prices.
Persons: Peter Galbo, Tim Seymour, Laura Rea Dickey Organizations: Bank of America, Seymour, Management
Bank of America thinks spice maker McCormick has growth-like characteristics that will push its stock higher. The firm double-upgraded the condiments stock to buy from underperform on Tuesday, with a $100 per share price target up from $75. "Across our coverage universe, investors are focused on the transition from price led sales growth to volume led. In our view, MKC holds potential to be a 'winner' in this debate," the analyst said, calling the stock a "growthy staple." MKC YTD mountain McCormick stock has ticked up more than 7% so far this year.
Persons: McCormick, Peter Galbo, MKC, Galbo, CNBC's Michael Bloom Organizations: of America, McCormick Locations: underperform
With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The bank expects its Medicare Advantage plans to comprise two-thirds of the company's revenue growth for this year. The bank assigned a $650 price target on UnitedHealth, suggesting the stock could gain more than 31% from Tuesday's close. The bank expects even more gains for the stock, with its 12-month price target of $115 per share implying 11% upside from Tuesday's close of $103.58. Analysts at the bank aren't as bullish on CarMax Bank of America expects CarMax shares to shed 37% to its $40 per share price target.
Lamb Weston, whose shares have already risen about 11% in 2023, stands to benefit from the Domino's move, Bank of America said. It's the largest manufacturer of frozen potato products in North America with a 43% market share. A new addition to the menu at Domino's Pizza's could translate into big gains for shares of potato producer Lamb Weston , according to Bank of America. Bank of America expects that to increase with Domino's tater tots launch, adding that tight potato supply and limited capacity growth supports a "longer-term bull case" for Lamb Weston earnings. Galbo estimates the tater tots could lift Domino's retail sales by about 2% in their first year.
The future isn't looking very bright for Tyson Foods, according to Bank of America. In addition, the company has seen market share losses in prepared foods that it is working hard to regain. Beef, chicken headwinds Weaker industry fundamentals in beef will weigh on Tyson Foods going forward. Chicken prices have also slipped as production has increased, weighing on margins. Prepared foods The company recently made a change in its prepared foods division as it tries to regain losses.
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