Prior to the opening bell today, a few big name dividend stocks were subject to analyst moves. The most important shifts of the day are highlighted below:
1. Broadcom Corp. Downgraded by Oppenheimer
Oppenheimer downgraded Broadcom (BRCM ) from Outperform to Perform.
Shares of Broadcom closed at $51.58 yesterday. Broadcom pays an annual dividend of $0.56 (paid quarterly).
2. Dillard's Inc. Downgraded by BofA/Merrill Lynch
BofA/Merrill Lynch downgraded Dillard’s Inc (DDS ) from Neutral to Underperform with a price target of $95 (from $130).
Shares of Dillard’s Inc. closed at $105.88 yesterday. Dillard’s pays an annual dividend of $0.24 (paid quarterly).
3. Humana Downgraded by Argus
Argus downgraded Humana (HUM ) from Buy to Hold following the merger deal with Aetna.
Shares of Humana closed at $188.96 yesterday. Humana pays an annual dividend of $1.16 (paid quarterly).
4. Kansas City Southern Upgraded by UBS
UBS upgraded Kansas City Southern (KSU ) from Neutral to Buy with a $102 price target.
Shares of Kansas City Southern closed at $91.65 yesterday. Kansas City Southern pays an annual dividend of $1.32 (paid quarterly).