Monday’s Analyst Moves: The Walt Disney Company, BB&T Corporation, Estee Lauder Companies Inc, More (DIS, BBT, EL, More)
Before Monday’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.
Credit Suisse Upgrades BB&T
Financial holding company BB&T (BBT) was upgraded to “Outperform” from “Neutral” at Credit Suisse, because of BBT’s reduction of costs and its growth in loans. CS has a price target of $46.50 on BBT, suggesting the company’s stock will increase by 23%. BBT has a dividend yield of 2.57%.
Topeka Upgrades Disney
The Walt Disney Company (DIS) was upgraded to “Buy” from “Hold” at Topeka Capital, as Topeka believes DIS will deliver strong park results in its earnings report this week. Topeka has a price target of $91 on Disney, suggesting a 13% upside to the stock’s current price. DIS has a dividend yield of 1.07%.
BMO Downgrades Estee Lauder
Estee Lauder (EL) was downgraded to “Market Perform” from “Outperform” at BMO Capital. BMO believes that Estee Lauder is facing challenging comps. BMO has a PT of $76 on EL, suggesting the stock will stay essentially flat with its current price. EL has a yield of 1.06%.
JP Morgan Upgrades Lennox
Lennox International (LII) was upgraded to “Overweight” from “Neutral” at JP Morgan, as JPM sees LII continuing to increase market share, even though its stock price has pulled back. JPM has a price target of $98 on LII, suggesting an upside of 16% to the stock’s current price. LII has a yield of 1.13%.
JP Morgan Upgrades L-3 Communications
JP Morgan upgraded L-3 Communications Holdings (LLL) to “Overweight” from “Neutral,” as the ratings firm sees a rebound for LLL’s free cash flow. JPM has a PT of $135 on LLL, suggesting the stock price will rise by 19%. LLL has a yield of 2.12%.
UBS Downgrades Southern Company
Southern Company (SO) was downgraded to “Sell” from “Neutral” at UBS, as the company has seen continued delays for its Kemper project. UBS has a PT of $40 on SO, suggesting a 10% downside to the stock’s current price. SO has a yield of 4.75%.
Keybanc Boosts Numbers on Whirlpool
Whirlpool (WHR) had its estimates and price target raised at Keybanc, as the ratings firms believes WHR will continue to expand its margins. The new price target is $180, suggesting an 18% upside to the stock’s current price. WHR has a yield of 1.97%.
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