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. Cablevision Upgraded by UBS
UBS upgraded Cablevision (CVC) from Sell to Neutral, with a price target of $34.90 (from $17.50). Shares of Cablevision closed at $32.51 yesterday. The company pays an annual dividend of 60 cents (paid quarterly) and has a yield of 1.85%.
2. PPL Corp. Upgraded by UBS
UBS upgraded PPL Corp. (PPL ) from Neutral to Buy. Shares of PPL Corp. closed at $30.80 yesterday. The company pays an annual dividend of $1.51 (paid quarterly) and has a yield of 4.88%.
3. Banco Santander Upgraded by Citi
Citi upgraded Banco Santander (SAN ) from Neutral to Buy. Shares of Banco Santander closed at $5.91 yesterday. SAN pays an annual dividend of 17 cents (paid quarterly) and has a yield of 2.90%.
4. Wolverine World Wide Downgraded by Baird
Baird downgraded Wolverine World Wide (WWW ) from Outperform to Neutral, with a price target of $27 (from $38). Shares of Wolverine World Wide closed at $24.74 yesterday. The company pays an annual dividend of 24 cents (paid quarterly) and has a yield of 0.97%.
5. Superior Energy Services Downgraded by RBC Capital
RBC Capital downgraded Superior Energy Services (SPN ) from Outperform to Sector Perform, with a price target of $17 (from $25). Shares of Superior Energy Services closed at $14.81 yesterday. SPN pays an annual dividend of 32 cents (paid quarterly) and has a yield of 2.16%.
