Friday Analyst Moves: Carnival Corporation, 3M Co, Darden Restaurants, Inc. More (CCL, MMM, DRI, More)

Friday Analyst Moves: Carnival Corporation, 3M Co, Darden Restaurants, Inc. More (CCL, MMM, DRI, More)


Before Friday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.

Carnival Upgraded at Two Firms

Carnival Corp (CCL) was upgraded by Credit Suisse from “Neutral” to “Outperform” and given a $43 price target. Credit Suisse also lifted its estimates on CCL, due to the company’s new CEO turning the company around. The new price target suggests a 13% upside to CCL’s current price.

UBS also upgraded Carnival from “Neutral” to “Outperform,” as the ratings company sees more promise in the company’s outlook. UBS has a $41 price target on CCL, suggesting an 8% upside to the stock’s current price.

JP Morgan Upgrades 3M

3M Co (MMM) was upgraded to “Neutral” from “Underweight” at JP Morgan, due to MMM being more aggressive with its balance sheet. JP Morgan has a $128 price target on MMM, suggesting a 6% downside to 3M’s current stock price.

Royal Caribbean Upgraded at UBS

UBS upgraded Royal Caribbean Cruises Ltd (RCL) to “Buy” from “Neutral” based on a valuation call. UBS has a price target of $40 on RCL, suggesting a 13% downside to RCL’s current price.

Accenture Numbers Boosted at Two Firms

Accenture plc (ACN) had its PT and EPS estimates raised at Jefferies, due to ACN’s Q1 results and its revised guidance. Jefferies has a “Hold” rating on Accenture, and a $75 price target, which suggests a 6% downside to ACN’s current price.

BMO raised ACN’s price target to $82, which suggests an 8% upside to the stock’s current price. BMO also raised its estimates on Accenture due to ACN’s increased business and possible merger and acquisition activity going forward.

Sotheby’s Numbers Raised at Wedbush

Wedbush boosted Sotheby’s (BID) estimates and price target, due to the company’s higher auction results. Wedbush now has a PT of $60 on the “Outperform”-rated Sotheby’s, suggesting the company’s stock price will increase 19%.

Credit Suisse Lifts Numbers on ConAgra

ConAgra Foods (CAG) had its estimates raised and its price target boosted to $35 at Credit Suisse. Credit Suisse believes that ConAgra’s management is improving its merchandising. The new PT suggests a 4.2% increase to CAG’s current stock price.

Numbers Lowered on Darden at Jefferies

Jefferies lowered its numbers on Darden Restaurants (DRI) due to the firm not believing that Darden restaurants has a solid strategy, even with the spin-off of Red Lobster. The “Hold”-rated Darden Restaurants has a PT of $43, suggesting a 16% downside to the stock’s current price.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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