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Analyst Moves: Wal-Mart, Omnicom Group, Molson Coors, More (WMT, OMC, TAP, More)
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.
Wal-Mart Downgraded at HSBC
Wal-Mart (WMT ) was cut to “Neutral” at HSBC. The firm now has a $87 price target on WMT, suggesting that the stock will remain flat. WMT has a dividend yield of 2.20%.
Omnicom Group Downgraded at BMO Capital
Omnicom Group (OMC ) has been cut to “Market Perform” at BMO Capital as the company lacks near-term catalysts. The firm has a $77 price target on OMC, suggesting a 2% upside. OMC has a dividend yield of 2.66%.
Credit Suisse Downgrades Molson Coors
Credit Suisse has lowered its price target on Molson Coors (TAP ) to $80, suggesting a 10% increase. The firm has also lowered estimates on TAP due to its currency headwinds and higher marketing investments. TAP has a dividend yield of 2.24%.
Western Union Downgraded at Deutsche Bank
The Western Union Company (WU ) has been downgraded from “Buy” to “Hold” at Deutsche Bank on a valuation call. WU has a dividend yield of 2.72%.
Pier 1 Imports Cut to “Perform”
Pier 1 Imports (PIR) has been downgraded to “Perform” at Oppenheimer due to the company’s lower guidance. PIR has a dividend yield of 1.41%.
