Continue to site >
Trending ETFs

News

Stock News: Analyst Moves for June 4

A number of big-name dividend stocks were subject to analyst moves before Thursday’s opening bell. We highlight the most important changes, along with analyst commentary, below.

1. Nordstrom Downgraded by Credit Suisse

Apparel company Nordstrom (JWN ) saw its stock downgraded pre-market on Thursday with Credit Suisse setting a new target of $76.00. This equates to a Neutral valuation. The previous price target for the stock was $85.00. Analysts cited cost pressures as a reason for the move. Finishing Wednesday’s session at $74.28 (up 0.98%), Nordstrom’s adjusted dividend yield is 1.99% with an annual payout of $1.48 (paid quarterly). The stock is 10.68% from its 52-week high.

2. Dillard’s Downgraded by Credit Suisse

Department store company Dillard’s (DDS ) saw its stock downgraded pre-market on Thursday with Credit Suisse setting a new target of $100.00. This equates to an Underperform. The previous price target for the stock was $105.00. Analysts cited a possible contraction in sales growth as a reason for the move. Finishing Wednesday’s session at $117.19 (up 0.54%), Dillard’s adjusted dividend yield is 0.20% with an annual payout of 24 cents (paid quarterly). The stock is 18.74% from its 52-week high.

3. Omnicare Downgraded by Goldman Sachs

Drug store company Omnicare (OCR) saw its stock downgraded pre-market on Thursday with Goldman Sachs highlighting a Neutral rating. Finishing Wednesday’s session at $94.95 (down 0.13%), Omnicare’s adjusted dividend yield is 0.93% with an annual payout of 88 cents (paid quarterly). The stock is 1.65% from its 52-week high

4. Frontier Communications Upgraded by Raymond James

Telecom services provider Frontier Communications (FTR ) saw its stock upgraded pre-market on Thursday with Raymond James setting a new target of $6.00. This equates to an Outperform. Finishing Wednesday’s session at $5.38 (up 4.26%), Frontier’s adjusted dividend yield is 7.81% with an annual payout of 42 cents (paid quarterly). The stock is 36.41% from its 52-week high.

5. AT&T Upgraded by JP Morgan

Telecom services provider AT&T (T ) saw its stock upgraded pre-market on Thursday with JP Morgan setting a new price target of $40.00. This equates to an Overweight. Finishing Wednesday’s session at $35.03 (up 1.95%), AT&T’s adjusted dividend yield is 5.37% with an annual payout of $1.88 (paid quarterly). The stock is 6.54% from its 52-week high.