A number of big-name, dividend stocks were subject to analyst moves before today’s opening bell. We highlight the most important changes, along with analyst commentary, below.
1. Sunstone Hotel Investors Upgraded by Wells Fargo
Wells Fargo upgraded Sunstone Hotel Investors (SHO ) from Market Perform to Outperform. Shares of Sunstone Hotel Investors closed at $14.63 yesterday. The company pays an annual dividend of $0.20 paid quarterly.
2. Sunoco Logistics Partners L.P. Upgraded by Morgan Stanley
Morgan Stanley upgraded Sunoco Logistics Partners (SXL ) from Equalweight to Overweight with a price target of $48.00. Shares of Sunoco Logistics Partners closed at $37.50 yesterday. SXL pays an annual dividend of $1.68 paid quarterly.
3. Abercrombie & Fitch Downgraded by FBR Capital
FBR Capital upgraded Abercrombie & Fitch (ANF ) from Outperform to Market Perform and maintained a price target of $24.00. Shares of Abercrombie & Fitch closed at $22.14 yesterday. The company pays an annual dividend of $0.80 paid quarterly.
4. Sysco Downgraded by Deutsche Bank
Deutsche Bank downgraded Sysco (SYY ) from Buy to Hold with a price target of $40.00 from $50.00. Shares of Sysco closed at $37.54 yesterday. SYY pays an annual dividend of $1.20 paid quarterly.