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Before Wednesday’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.
Deutsche Bank Upgrades J.M. Smucker
J.M. Smucker (SJM ) was upgraded to “Buy” from “Hold” at Deutsche Bank, because of the company’s pet food acquisition. Deutsche has a price target of $125 on SJM, suggesting the stock will rise by 18%. SJM has a dividend yield of 2.42%.
BMO Capital Cuts Numbers on AbbVie
AbbVie Inc. (ABBV ) had its estimates and price target cut at BMO Capital, due to ABBV’s higher discounts on its hepatitis-C vaccine. BMO now has a $62 PT on ABBV, suggesting the stock will stay flat at its current price. ABBV has a yield of 3.18%.
Credit Suisse Lowers Numbers on Archer-Daniels Midland
Archer-Daniels Midlands (ADM ) had its price target and estimates lowered at Credit Suisse, as ADM is leveraged to falling oil prices. CS now sees ADM stock reaching $52, which suggests a 7% upside to the stock’s current price. ADM has a yield of 1.97%.
Credit Suisse Boosts Numbers on Aetna
Aetna (AET) had its estimates and price target raised at Credit Suisse, due to Aetna’s solid earnings momentum. CS now has a PT of $107 on AET, suggesting the stock will rise by 14%. AET has a yield of 1.06%.
Jefferies Raises Numbers on Walt Disney
The Walt Disney Company (DIS) had its price target and estimates boosted at Jefferies, due to the company’s strong earnings momentum. Jefferies sees DIS stock hitting $105, which suggests a 12% upside to the stock’s current price. DIS has a yield of 1.22%.
BMO Capital Boosts Numbers on Pfizer
Pfizer (PFE ) had its price target and estimates raised at BMO Capital, as Pfizer has received accelerated approval for its breast cancer treatment. BMO now has a price target of $33 on PFE, suggesting a 3% upside from the stock’s current price. PFE has a yield of 3.5%.
Credit Suisse Lowers Numbers on UPS
United Parcel Services (UPS ) had its price target and estimates cut at Credit Suisse, due to UPS facing higher costs. CS now has a PT of $100 on UPS, suggesting the company’s stock will stay flat. UPS has a yield of 2.66%.
Credit Suisse Cuts Numbers on Wynn Resorts
Wynn Resorts (WYNN) had its estimates and price target lowered at Credit Suisse, due to delays with WYNN’s Cotai project. Credit Suisse now has a $150 price target on Wynn, suggesting the stock will fall by 4%. WYNN has a yield of 3.85%.