Before Tuesday’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.
Jefferies Cuts Estimates on Schlumberger
Jefferies has lowered its price target on Schlumberger (SLB ) to $79. This new price target suggests a 2% decline from the stock’s current price. The firm has also cut estimates on SLB as the company is seeing lower demand and is faced with a negative currency impact. SLB has a dividend yield 2.46%.
PG&E Corporation Downgraded at Morgan Stanley
PG&E Corporation (PCG ) has been cut to “Equal-weight” at Morgan Stanley on a valuation call. PCG has a dividend yield of 3.40%.
Charles Schwab Upgraded to “Outperform”
Charles Schwab (SCHW ) has been boosted to “Outperform” at JMP Securities as the company is leveraged to rising interest rates. SCHW has a dividend yield of 0.78%.
Argus Initiates Coverage on BlackRock
Argus has started coverage on BlackRock (BLK ) with a “Buy” rating and a $411 price target. This price target suggests a 10% increase from the stock’s current price. BLK has a dividend yield of 2.33%.
RW Baird Starts Coverage on Camden Property Trust
RW Baird has initiated coverage on Camden Property Trust (CPT ) with an “Outperform” rating. CPT has a dividend yield of 3.65%.
Western Digital Downgraded to “Neutral”
Western Digital (WDC ) was cut to “Neutral” at Susquehanna. WDC has a dividend yield of 2.04%.