Friday Analyst Moves: Family Dollar Stores, Inc., The Gap Inc., Intel Corporation, More (FDO, GPS, INTC, 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.
Family Dollar Downgraded at Sterne Agee
Family Dollar Stores, Inc. (FDO) has been cut to “Underperform” at Sterne Agee due to increased competition. The firm has given FDO a $56 price target, suggesting a 17% drop from the stock’s current price of $67.60. FDO currently has a dividend yield of 1.54%.
The Gap Downgraded at Jefferies on Weak Comps
Jefferies reported that it has downgraded The Gap Inc. (GPS) from “Buy” to “Hold” due to slow comparable store sales. The firm has given GPS a $40 price target, suggesting that the stock will remain flat at its current price of $40.24. GPS has a dividend yield of 1.99%.
Intel Upgraded at Two Firms
Intel Corporation (INTC) has been upgraded to “Buy” at two firms due a to more favorable PC market.
Drexel Hamilton has raised its rating on INTC from “Hold” to “Buy,” and has given the company a $30 price target. This price target suggests a 23% increase from the stock’s current price of $24.26.
Citigroup has upgraded INTC from “Neutral” to “Buy,” and has given the company a $28 price target, suggesting a 15% upside.
INTC has a current dividend yield of 3.71%.
Parker-Hannifin Upgraded to “Buy” at Goldman Sachs
Parker-Hannifin Corporation (PH) has been upgraded by two notches from “Sell” to “Buy” at Goldman Sachs due to an increase in its free cash flow. The firm has given PH a $135 price target, suggesting that the stock will increase 15% from its current price of $116.51. PH has a dividend yield of 1.54%.
BofA/Merrill Upgrades Rockwood Holdings
Bank of America/Merrill Lynch has upgraded Rockwood Holdings, Inc. (ROC) from “Neutral” to “Buy” as they now see an upside to the lithium business. The firm has an $86 price target on ROC, suggesting a 22% increase from the stock’s current price of $70.22. ROC currently yields 2.56%.
Credit Suisse Raises PT on Johnson & Johnson
Credit Suisse reported that it has raised its price target on “Underperform”-rated Johnson & Johnson (JNJ) to $94. This price target suggests that the stock will rise 1% from its current price of $92.97. The firm has also raised estimates on JNJ due to higher expected Invokana growth. JNJ has a dividend yield of 2.84%.
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