As economic uncertainty looms, Wall Street firms are showing increasing confidence in defensive stocks, particularly The Coca-Cola Company, which has recently received a Buy rating from Citi and an upgraded price target from Morgan Stanley. Additionally, Costco and Walmart are also being favored for their stability during recessions, while The Home Depot and AbbVie continue to attract investor interest despite facing mixed results, highlighting a shift towards reliable dividend-paying stocks in the current market.
“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%”
