As the threat of a recession looms, defensive stocks like The Coca-Cola Company and Home Depot have garnered increased attention from investors seeking stability. Citigroup recently initiated coverage of Coca-Cola with a Buy rating and a price target of $68, while Morgan Stanley raised its target to $70. Concurrently, Walmart celebrates its 50th consecutive year of dividend increases, showcasing its reliability, as analysts remain optimistic about these stocks despite market fluctuations.
“Citigroup Inc. (NYSE:C) · has returned · 10.27% · to investors over the past 6 months”
“Citigroup Inc. (NYSE:C) · was held by · 81 hedge funds · Q4 2022”
“The Coca-Cola Company (NYSE:KO) · is considered · one of the best defensive stock picks · for a recessionary environment”
“Citi · started covering · The Coca-Cola Company (NYSE:KO) · with a Buy rating and a $68 price target”
“Morgan Stanley · kept · an Overweight rating on The Coca-Cola Company (NYSE:KO) · raised price target to $70”
“58 hedge funds · had stakes in · The Coca-Cola Company (NYSE:KO) · as of the end of the fourth quarter of 2022”
“Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-B) · was the biggest stakeholder of · The Coca-Cola Company (NYSE:KO) · with a $25 billion stake”
“The Home Depot, Inc. (NYSE:HD) · is considered · one of the best picks for any starter stock portfolio”
“UBS · ran · a machine-learning model · to select its top dividend picks”
“The Home Depot, Inc. (NYSE:HD) · had · optimistic views from Wall Street analysts · despite weak Q4 results”
“BofA’s Elizabeth Suzuki · said · The Home Depot, Inc. (NYSE:HD)’s 2023 guidance · may be overly conservative”
“Matrix Asset Advisors · commented · on The Home Depot, Inc. (NYSE:HD) · re-established a position after shares declined”
