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. FedEx Upgraded by Stifel
Stifel upgraded FedEx (FDX ) from Hold to Buy, with a price target of $172. Shares of FedEx closed at $149.92 yesterday. FedEx pays an annual dividend of $1 (paid quarterly) and has a yield of 0.67%.
2. Select Medical Holdings Upgraded by Wells Fargo
Wells Fargo upgraded Select Medical Holdings (SEM ) from Market Perform to Outperform. Shares of Select Medical Holdings closed at $10.61 yesterday. The company pays an annual dividend of 40 cents (paid quarterly) and has a yield of 3.77%.
3. Communications Sales & Leasing Upgraded by Morgan Stanley
Morgan Stanley upgraded Communications Sales & Leasing (CSAL) from Equalweight to Overweight, with a price target of $22. Shares of Communications Sales & Leasing closed at $18.64 yesterday. The company pays an annual dividend of $2.40 (paid quarterly) and has a yield of 12.88%.
4. Heartland Payment Systems Downgraded by Keefe, Bruyette & Woods
Keefe, Bruyette & Woods downgraded Heartland Payment Systems (HPY) from Outperform to Market Perform, with a price target of $70 (unchanged). Shares of Heartland Payment Systems closed at $64.68 yesterday. The company pays an annual dividend of 40 cents (paid quarterly) and has a yield of 0.62%.
5. Comerica Downgraded by JPMorgan
JPMorgan downgraded Comerica (CMA ) from Overweight to Neutral, with a price target of $45 (from $57). Shares of Comerica closed at $42.35 yesterday. The company pays an annual dividend of 84 cents (paid quarterly) and has a yield of 1.98%.
