Before Thursday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the most important analyst commentary for investors.
Susquehanna Upgrades Dick’s Sporting Goods
Dick’s Sporting Goods (DKS ) has been upgraded from “neutral” to “positive” at Susquehanna. DKS currently has a dividend yield of 0.93%.
Natixis Downgrades UBS AG
Natixis downgraded UBS AG (UBS ) from “buy” to “neutral” noting that the stock has a limited upside. UBS currently has a dividend yield of 1.29%.
BMO Capital Lowers Rating on Procter & Gamble, Kimberly Clark
Procter & Gamble (PG ) was downgraded from “outperform” to “market perform” at BMO Capital due to revisions involving FX. BMO also lowered its price target from $100 to $84 as the company believes PG will miss FY2015 estimates. PG currently has a dividend yield of 3.12%.
BMO Capital also downgraded Kimberly Clark (KMB ) from “outperform” to “market perform”. Like the PG downgrade, this too was spawned by worries over FX and KMB’s international exposure. The company also lowered its PT from $125 to $112 based on these worries. KMB current has a dividend yield of 3.29%.