Barrington Research Reaffirms Confidence in ACCO Brands Corporation (ACCO)

ACCO Brands Corporation (NYSE:ACCO) is among the best dividend penny stocks to buy according to analysts. Analysts at Barrington Research have reaffirmed their “Outperform” rating on ACCO Brands Corporation (NYSE:ACCO) with a price target of $6, implying a potential upside of nearly 54.24% from the current price. The company’s strong cash flows, high dividend yield, and aggressive cost-cutting make it one of the strongest players in the market.

The management is focusing on two main things: debt reduction and cost savings. ACCO Brands Corporation (NYSE:ACCO) is in the midst of a $100 million cost reduction program, having already yielded over $40 million in savings. This means that the company’s balance sheet is expected only to improve in the future, with strengthened dividend and buyback potential.

Despite long-term concerns, factors such as increasing customer sentiment, the depreciation of the dollar, and management’s cost-efficiency strategies will position ACCO Brands Corporation (NYSE:ACCO) well in a sustainable income play.

ACCO Brands Corporation (NYSE:ACCO) is an Illinois-based manufacturer and seller of consumer, school, technology, and office products across a range of markets. Founded in 1893, the company operates in two segments: ACCO Brands Americas and ACCO Brands International.

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