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Stock News: Analyst Moves for July 20: DHT, SLB, SNDK, and More

Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.

DHT Holdings Upgraded by JP Morgan

Shipping and logistics provider DHT Holdings (DHT ) saw its stock upgraded Monday pre market with JP Morgan confirming an overweight rating and a new target price of $10.00. CEO Svein Moxnes Harfjeld recently highlighted that the fall in the oil price had led to a “favourable environment for ship owners”. Finishing Friday’s session at $8.43 (up 1.7%), DHT Holdings’ adjusted dividend yield is 7.12%, with an annual payout of $0.60 (paid quarterly). The stock is 9.45% from its 52 week high.

Schlumberger Upgraded by Wells Fargo

Schlumberger (SLB ), which supplies the oil and gas industry with technology and integrated project management solutions, was upgraded on Monday with Wells Fargo lifting their rating to outperform. The company recently announced better than expected earnings of 88 cents per share and revenues of $9.0 billion. Finishing Friday’s session at $83.71 (down 0.2%), SLB’s adjusted dividend yield is 2.39%, with an annual payout of $2.00 (paid quarterly). The stock is 26.67% from its 52 week high.

Sandisk Upgraded by Nomura

Data storage company Sandisk (SNDK) saw its stock upgraded pre market on Monday with Nomura changing their rating to neutral and adding a $50.00 price target. Finishing Friday’s session at $55.39 (down 1.1%), Sandisk’s adjusted dividend yield is 2.17%, with an annual payout of $1.20 (paid quarterly). The stock is 48.06% from its 52 week high.

Scorpio Tankers Upgraded by JP Morgan

Scorpio Tankers (STNG ) was upgraded pre market on Monday with JP Morgan confirming an overweight rating and a new price target of $12.00. The company’s core business is shipping. Overnight Scorpio announced that it would be divesting part of its holding in Dorian LPG to BW Group Limited. Finishing Friday’s session at $11.29 (up 3.1%), Scorpio Tankers’ adjusted dividend yield is 4.43% with an annual payout of $0.50. The stock is 0.44% from its 52 week high.

Domino’s Pizza Downgraded by Keybanc

Fast food company Domino’s Pizza (DPZ ) saw its stock downgraded to sector weight by Keybanc on Friday. No target price supplied. An analyst in the report confirmed that the valuation is stretched based on the recent rise in the share price. Finishing Friday’s session at $110.04 (down 4.8%), Dominos’ adjusted dividend yield is 1.13%, with an annual payout of $1.24. The stock is 8.09% from its 52 week high.