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. Trinity Industries Upgraded by Macquarie
Macquarie upgraded Trinity Industries (TRN ) from Underperform to Neutral. Shares of Trinity Industries closed at $26.26 yesterday. Trinity Industries offers an annual payout of 40 cents (paid quarterly).
2. Public Storage Upgraded by Raymond James
Raymond James upgraded Public Storage (PSA ) from Market Perform to Outperform, with a price target of $220.00. Shares of Public Storage closed at $203.25 yesterday. The company offers an annual payout of $6.80 (paid quarterly).
3. Caterpillar Downgraded by Baird
Baird downgraded Caterpillar (CAT ) from Outperform to Neutral, with a price target of $77.00 (from $89.00). Shares of Caterpillar closed at $74.45 yesterday. The company pays an annual dividend of $3.08 (paid quarterly).
4. Sovran Self Storage Downgraded by Raymond James
Raymond James downgraded Sovran Self Storage (SSS ) from Outperform to Market Perform and removed its price target (prior $102.00). Shares of SSS closed at $88.85 yesterday. The company pays an annual dividend of $3.40 (paid quarterly).
5. B&G Foods Upgraded by Stephens
Stephens upgraded B&G Foods (BGS ) from Equal Weight to Overweight. Shares of B&G Foods closed at $34.00 yesterday. B&G Foods has an annual payout of $1.40 (paid quarterly).