Imperial Capital Upgrades Tyco International to "Outperform" (TYC)

Imperial Capital Upgrades Tyco International to “Outperform” (TYC)


Imperial Capital analysts upgraded Tyco International Ltd. (TYC) on Thursday, as they expect the electronic security and alarm systems maker’s management to improve revenues and margins.

The analysts upgraded TYC from “In-Line” to “Outperform” with a price target of $37. This price target suggests a 11% upside to Wednesday’s closing price of $33.39.

Imperial Capital analyst Jeff Kessler commented, “We view Tyco as a margin expansion story, particularly given management’s focus towards enhancing service based revenues and their seriousness towards being selective about what jobs they accept.”

He went on to add, “A majority (55.4%) of the FY13 EPS is forecasted to be achieved in the 2H13. We believe our exclusive checks with large Tyco end users shows a company extremely well positioned against its competitors for years to come, not just via margin expansion, but through longterm, sticky, and recurring revenue based-relationships.”

Tyco shares were down 41 cents, or -1.23%, during trading on Thursday. The stock is up +12.75% year-to-date.

The Bottom Line
Shares of Tyco (TYC) have a dividend yield of 1.94% based on Thursday’s intraday trading price of $33.01 and the company’s annualized dividend payout of 64 cents per share.

Tyco International Ltd. (TYC) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

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

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today