Dividend Investing Ideas Center
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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%.