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Feb 18
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$29.72
$29.72
-0.0%
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WATCH
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Jenny Van Leeuwen Harrington vs. Nicholas Yulico (Scotiabank)
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Jenny Harrington highlighted VICI's 6% dividend yield as a key attraction. However, the article also notes that on Feb. 2, Scotiabank downgraded the stock to Sector Perform and lowered its price target from $36 to $30. The stock closed at $29.86. The article presents two directly conflicting signals: a bullish thesis based on income generation (yield) and a neutral/bearish thesis from a recent analyst action suggesting limited capital appreciation and potential headwinds. With the stock trading almost exactly at the lowered price target from Scotiabank, the risk/reward is unclear. It is prudent to remain on the sidelines to see if the high yield can provide a floor for the stock or if the negative sentiment from the downgrade prevails. If the factors leading to the downgrade worsen, the stock could fall below the current price, eroding the benefit of the dividend. Conversely, if the market prioritizes yield, the stock could rally, and the opportunity would be missed. |
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