Before Tuesday’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.
Hasbro Upgraded at BMO Capital
Hasbro (HAS ) has been boosted from “Market Perform” to “Outperform” at BMO Capital as the company has better product momentum with its upcoming movie-focused products. The firm has a dividend yield of 3.08%.
Deutsche Bank Upgrades Citigroup
Citigroup (C ) has been boosted to “Buy” at Deutsche Bank on a valuation call (based on the firms’s $54 price target). C has a dividend yield of 0.08%.
BofA/Merrill Adds BlackRock to US 1 List
Bank of America/Merrill Lynch has added BlackRock (BLK ) to its US 1 list as the company is expected to see accelerating growth. The firm has a $415 price target on BLK, suggesting a 15% upside. BLK has a dividend yield of 2.42%.
Occidental Petroleum Cut to “Neutral”
Occidental Petroleum (OXY ) has been downgraded to “Neutral” at Citigroup as the company is leveraged to lower oil prices. The firm has an $85 price target on OXY, suggesting a 5% increase. OXY has a dividend yield of 3.54%.
Phillips 66 Downgraded at JP Morgan
JP Morgan has lowered its rating on Phillips 66 (PSX ) from “Overweight” to “Neutral” on a valuation call. PSX has a dividend yield of 2.63%.
St. Jude Medical Upgraded to “Buy”
Sterne Agee has upgraded St. Jude Medical (STJ) from “Neutral” to “Buy” as the company is expected to regain its market leadership. The firm has a $77 price target on STJ, suggesting an 18% increase. STJ has a dividend yield of 1.67%.
Fifth Third Bancorp Downgraded to “Hold”
Fifth Third Bancorp (FITB) has been cut to “Hold” at Deutsche Bank as analysts do not expect the company’s capital return story to improve. The firm has a $20 price target on FITB, suggesting a 6% increase. FITB has a dividend yield of 2.77%.
Cracker Barrel Old Country Store Upgraded to “Buy”
Cracker Barrel Old Country Store (CBRL ) has been upgraded from “Hold” to “Buy” at Miller Tabak. The firm has a $145 price target on CBRL, suggesting a 17% upside. CBRL has a dividend yield of 3.21%.
