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. Waste Management Upgraded by Stifel
Stifel upgraded Waste Management (WM ) from Hold to Buy, with a price target of $60. Shares of Waste Management closed at $52.71 yesterday. The company pays an annual dividend of $1.54 (paid quarterly) and has a yield of 2.90%.
2. Canadian Pacific Railway Limited Upgraded by Canaccord Genuity
Canaccord Genuity upgraded Canadian Pacific Railway Limited (CP ) from Hold to Buy. Shares of Canadian Pacific Railway Limited closed at $151.43 yesterday. The company pays an annual dividend of $1.07 (paid quarterly) and has a yield of 0.71%.
3. CNOOC Ltd. Upgraded by Barclays
Barclays upgraded CNOOC Ltd. (CEO ) from Equalweight to Overweight. Shares of CNOOC Ltd. closed at $118.05 yesterday. The company pays an annual dividend of $5.81 (paid semi-annually) and has a yield of 4.92%.
4. Tenaris S.A. Downgraded by Exane BNP Paribas
Exane BNP Paribas downgraded Tenaris S.A. (TS ) from Neutral to Underperform. Shares of Tenaris S.A. closed at $26.11 yesterday. The company pays an annual dividend of $1.20 (paid semi-annually) and has a yield of 4.62%.
5. Fifth Third Bancorp Downgraded by Guggenheim
Guggenheim downgraded Fifth Third Bancorp (FITB ) from Buy to Neutral. Shares of Fifth Third Bancorp closed at $18.83 yesterday. The company pays an annual dividend of 52 cents (paid quarterly) and has a yield of 2.77%.
