Does Wall Street Think Warren Buffett Is Dead Wrong About This High-Yield Dividend Stock?
It's not often that Warren Buffett adds a high-yield dividend stock to Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio. However, he did so earlier this year.
Berkshire initiated a new position in Vitesse Energy (NYSE: VTS) during the first quarter. The oil company offers a dividend yield of over 8%. But does Wall Street think Buffett is dead wrong about this high-yield dividend stock?
Probably the best way to gauge what analysts think about a given stock is to look at their price targets. They might slap a buy rating on a stock yet still have a target that reflects pessimism.
Source Fool.com