Before Wednesday’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.
Deutsche Bank Upgrades Packaging Corp of America
Deutsche Bank upgraded its rating on Packaging Corp. of America (PKG ) from “Hold” to “Buy”. The bank also lowered its price target on the stock from $86.00 to $80.00. Deutsche analyst Debbie Jones stated the recent decline in PKG’s stock price is overdone. The stock currently has a dividend yield of 3.14%
Citi Upgrades Sanofi SA
Citi upgraded its rating on Sanofi SA (SNY ) from “Sell” to " Neutral". The drug manufacturer currently pays an annual dividend of $1.62 per share, yielding 3.13% based on its Tuesday closing price.
Bofa/Merrill Lynch Upgrades SAP AG
Bofa/Merrill Lynch upgraded its ration on SAP AG (SAP ) from “Neutral” to “Buy”. SAP currently pays an annual dividend of 99 cents per share, yielding 1.33% based on Tuesday’s closing price.
Citi Downgrades Agrium
Citi downgraded its rating on Agrium (AGU ) from “Neutral” to “Sell”. The bank also set the agricultural company’s price target to $95.00. Agrium currently has a dividend yield of 3.00%.
CLSA Downgrades TD Ameritrade
CLSA downgraded its rating on TD Ameritrade (AMTD ) from “Buy” to “Outperform”. AMTD currently pays an annual dividend of 60 cents, yielding 1.71%.