Amid rising recession fears, analysts are increasingly favoring defensive stocks like Coca-Cola and Costco. Citi initiated coverage of Coca-Cola with a Buy rating and a $68 price target, while Morgan Stanley raised its target to $70, reflecting heightened investor confidence. At the same time, Costco is recognized for its resilience during economic downturns, supported by significant hedge fund investments totaling $3.4 billion. This shift indicates a trend towards safer investments as inflation and economic instability loom.
“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”
“The Home Depot, Inc. (NYSE:HD) · has historically been · shareholder friendly · by repurchasing shares and increasing dividend”
“The Home Depot, Inc. (NYSE:HD) · currently has · a dividend yield · of 2.8%”
