Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
News
Analyst Moves: American Express Company, Cisco Systems, Inc., Dunkin Brands Group Inc, More (AXP, CSCO, DNKN, More)
Before Thursday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.
Wells Fargo Downgrades Dunkin Brands
Dunkin Brands (DNKN) was downgraded to “Market Perform” at Wells Fargo, as the analyst firm believes DNKN’s price is already factoring in its modest growth for the year. DNKN has a yield of 2.03%.
FBR Downgrades Fifth Third Bancorp
Fifth Third Bancorp (FITB ) was downgraded to “Market Perform” from “Outperform” at FBR Capital Markets, as FBR believes that the bank will be hurt by lower interest rates. FBR has a price target of $20 on FITB, suggesting the stock will rise by 15%. FITB has a yield of 2.97%.
BofA/Merrill Lynch downgrades Fluor
Fluor Corp (FLR) was downgraded to “Underperform” from “Buy” at BofA/Merrill Lynch, as the company has high energy exposure. BofA/Merrill Lynch has a price target of $51 on FLR, suggesting the stock price will fall by 8.5%. FLR has a yield of 1.51%.
Two Firms Weigh-in on SanDisk
SanDisk Corp. (SNDK) was downgraded at Wedbush and had its numbers cut at Jefferies. Wedbush downgraded SNDK to “Neutral” from “Outperform” as SNDK is losing market share. Wedbush has a $67 price target on SanDisk, suggesting a 17% downside to the stock’s current price.
Jefferies cut its estimates on SanDisk, and lowered SNDK’s price target to $93. The new price target suggests a 16% upside to SNDK’s current price. SNDK has a yield of 1.49%.
Xilinx Gets Downgrade and Numbers Cut
Xilinx (XLNX) was downgraded at Drexel and had its numbers cut at Piper Jaffray. Drexel downgraded XLNX to “Hold” from “Buy” due to the company’s lower guidance. Drexel has a price target of $40 on XLNX, suggesting a 4% downside to the stock’s current price.
Piper Jaffray lowered its estimates and PT on Xilinx. The PT was cut to $46, suggesting an 11% upside to the stock’s current price. XLNX has a yield of 2.79%.
Jefferies Cuts Numbers on American Express
American Express (AXP ) had its estimates and price target lowered at Jefferies, due to lower gas prices and the stronger U.S. dollar. Jefferies now has a PT of $90 on AXP, suggesting a 3% upside to the stock’s current price. AXP has a yield of 1.19%.
Cisco Gets PT Boost at Piper Jaffray
Cisco (CSCO ) had its price target raised to $33 at Piper Jaffray, suggesting a 19% upside to the stock’s current price. Piper made the raise because a recent survey suggested that CSCO will see higher customer demand. CSCO has a yield of 2.73%.
Credit Suisse Cuts Numbers on Discover
Discover Financial Services (DFS ) had its price target and estimates lowered at Credit Suisse, as DFS is seeing higher operating costs and lower spending volume. CS now has a PT of $71 on DFS, suggesting the stock will rise by 17%. DFS has a yield of 1.58%.
