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.
1. Canadian Pacific Railway Upgraded by Goldman Sachs
Goldman Sachs upgraded Canadian Pacific Railway Limited (CP ) from Neutral to Buy. Shares of CP closed at $138.14 yesterday. The company pays an annual dividend of $1.07 (paid quarterly) and has a yield of 0.78%.
2. Johnson Controls Upgraded by William Blair
William Blair upgraded Johnson Controls (JCI ) from Market Perform to Outperform, with a price target of $50. Shares of Johnson Controls closed at $39.80 yesterday. The company pays an annual dividend of $1.04 (paid quarterly) and has a yield of 2.61%.
3. Analog Devices Upgraded by Citi
Citi upgraded Analog Devices (ADI ) from Neutral to Buy. Shares of Analog Devices closed at $54.05 yesterday. The company pays an annual dividend of $1.60 (paid quarterly) and has a yield of 2.96%.
4. Gap, Inc. Downgraded by Mizuho Securities
Mizuho Securities downgraded Gap, Inc. (GPS ) from Neutral to Underperform, with a price target of $26. Shares of Gap, Inc. closed at $30.22 yesterday. The company pays an annual dividend of 92 cents (paid quarterly) and has a yield of 3.04%.
5. Genuine Parts Downgraded by Goldman Sachs
Goldman Sachs downgraded Genuine Parts (GPC) from Neutral to Sell, with a price target of $83. Shares of Genuine Parts closed at $82.54 yesterday. The company pays an annual dividend of $2.46 (paid quarterly) and has a yield of 2.98%.
