Several dividend stocks were subject to analyst moves before the opening bell on Tuesday, May 12. We highlight the most important changes below.
Bernstein upgraded Syngenta (SYT ) from “Underperform” to “Market Perform”. Shares of Syngenta closed at $85.60 yesterday.
Argo Group International Upgraded to “Strong Buy”
Raymond James upgraded Argo Group International (AGII ) from “Outperform” to “Strong Buy” with a price target of $60.00. Shares of Argo Group International closed Monday at $51.30.
Credit Suisse Downgrades Brookfield
Credit Suisse downgraded Brookfield Renewable Energy (BEP ) from “Neutral” to “Underperform” with a price target of $38.00. The three main factors for the downgrade, according to analyst A. M. Kuske, are near-term concerns regarding long-term average production weakness, balancing distress-oriented acquisitions with enhanced near-term cash flows, and balancing relative ratings in our coverage universe. Shares of Brookfield Renewable Energy closed at $31.73 on Monday.
Verizon Communications Downgraded to “Underperform”
Macquarie downgraded Verizon Communications (VZ ) from “Neutral” to “Underperform”. Yesterday, shares of Verizon Communications closed at $49.80. It is important to note that VZ recently announced it will buy AOL for $4.4 billion.