Analyst Moves: Cigna, Cummins, Dunkin Brands, More (CI, CMI, DNKN, More)
Shauna O'Brien Feb 09, 2015
Before Friday’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.
Credit Suisse Lowers Numbers on Cummins
Credit Suisse has lowered its price target on Cummins (CMI ) to $156. This price target suggests a 13% upside from the stock’s current price. The firm has also cut estimates on the company due to its new guidance. CMI has a dividend yield of 2.26%.
BMO Capital Boosts Estimates on Cigna
BMO Capital has boosted its price target on Cigna (CI ) to $124, suggesting a 10% increase. The firm has also raised estimates on CI through 2016. CI has a dividend yield of 0.04%.
Dunkin Brands Upgraded to “Outperform”
Dunkin Brands (DNKN ) has been upgraded from “Market Perform” to “Outperform” at Telsey Advisory as the company is expected to exceed near-term earnings expectations. DNKN has a dividend yield of 2.00%.
Credit Suisse Starts Coverage on BB&T
Credit Suisse has initiated coverage on BB&T Corporation (BBT ) with an “Outperform” rating. Analysts expect the company to continue to generate above average returns. BBT has a dividend yield of 2.59%.
Oppenheimer Upgrades Best Buy
Best Buy (BBY ) has been upgraded from “Perform” to “Outperform” at Oppenheimer as new management is cutting costs and it now has less competitive issues. The firm has a $43 price target on BBY, suggesting a 19% upside. BBY has a dividend yield of 2.11%.
Two Firms Downgrade Expedia
Expedia (EXPE ) has been cut from “Outperform” to “Perform” at Oppenheimer. According to the firm, eLong will be a major growth headwind.
Credit Suisse has cut its price target on EXPE to $88. The firm has also lowered its estimates on the company as it is spending more on marketing. EXPE has a dividend yield of 0.82%.
Starwood Hotels & Resorts Cut to “Neutral”
Starwood Hotels & Resorts (HOT ) has been downgraded to “Neutral” at MKM Partners as the company is facing growth headwinds overseas. The firm has a $74 price target, suggesting that the stock will remain flat. HOT has a dividend yield of 1.88%.
Credit Suisse Starts Coverage on Comerica
Credit Suisse has initiated coverage on Comerica (CMA ) with a “Neutral” rating and a $48 price target. According to the firm, CMA is facing near-term growth headwinds. CMA has a dividend yield of 1.79%.
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