Goldman Sachs Has 6 ‘Strong Buy’ Dividend Stocks to Buy Now for a Soft 2023 Economic Landing

The Aerospace Systems segment offers flight control, hydraulic, fuel, fluid conveyance and engine systems and components for commercial and military airframe and engine programs. It also provides electronics thermal management heat rejection systems and single-phase and two-phase heat collection systems for radar, inverse synthetic aperture radar and power electronics.

Shareholders receive a 1.68% dividend. Parker-Hannifin stock has a $352 price target at Goldman Sachs. The $336.47 consensus target is closer to Tuesday’s close at $314.71.

Truist Financial

This company was created through a merger of SunTrust Bank and BB&T in 2019. Truist Financial Corp. (NYSE: TFC) provides banking and trust services in the southeastern and mid-Atlantic United States. Its deposit products include non-interest-bearing checking, interest-bearing checking, savings and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services.

In addition, Truist offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending and supply chain financing services. It provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and investment advisory services.

Investors receive a 4.41% dividend. The Goldman Sachs price target is $50, while the consensus target is $51.29. Truist Financial stock closed at $47.15 on Tuesday.

Financials are big soft-landing ideas, and it makes sense as the banks can make more net interest income with higher rates. With the fourth-quarter earnings reporting season underway, investors may want to make partial purchases and see how the results come in against expectations.

Originally published at 24/7 Wall St.

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