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.
InterContinental Hotels Upgraded to “Hold”
Jefferies upgraded InterContinental Hotels (IHG ) this morning from “underperform” to “hold” as it believes the company is a prime takeover target in today’s market environment. IHG currently has a dividend yield of 1.25%
Starwood Hotels Downgraded to “Neutral”
Cleveland Research downgraded Starwood Hotels (HOT ) from “buy” to “neutral” this morning. HOT is currently yielding 1.78%
WW Grainger Downgraded to “Perform”
Oppenheimer downgraded WW Grainger (GWW ) from “outperform” to “perform” this morning. GWW currently has a dividend yield of 1.86%.
Nomura Securities Lowers PT on Alcoa
Nomura Securities lowered its PT on Alcoa (AA ) from $23 to $21 this morning. The company still maintained its “buy” rating on Alcoa. AA currently has a dividend yield of 0.93%.