ACCO Expands Product Line and Delivers Savings Despite Price Target Cut

ACCO Brands Corporation (NYSE:ACCO) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.

Though the second quarter earnings call suggests savings efficacy and product expansion, the price target sees a decline.

ACCO Expands Product Line and Delivers Savings Despite Price Target Cut

Headquartered in Illinois, ACCO Brands Corporation (NYSE:ACCO) is a global company that designs, manufactures, and markets branded products for consumers, students, and businesses. The company has an extensive portfolio that includes office supplies, academic products, and computer accessories sold under well-known brands such as Five Star, Swingline, Kensington, and Mead.

ACCO Brands Corporation (NYSE:ACCO) released its Q2 earnings results on August 01, 2025, reporting sales and adjusted EPS in line with the company’s outlook. Having achieved over $40 million in savings, the company also claimed notable progress on its $100 million multi-year cost reduction program. Through the report, the company announced the expansion of its product offerings. This includes new gaming accessories for the Nintendo Switch and a Thunderbolt 5 docking station for Apple users.

After the release of the second quarter earnings call, the company saw changes in its price target among analysts. For instance, Noble Capital lowered its price target on the stock from $12 to $9. On the other hand, the consensus rating from the analysts stands at Buy, as per CNN.

ACCO Brands Corporation (NYSE:ACCO) current price of $3.98, offers investors an appealing 7.54% dividend yield in today’s market.

While we acknowledge the risk and potential of ACCO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ACCO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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