Analyst Moves: Travelers, Exelon, Marsh & McLennan, More (TRV, EXC, MMC, More)
Shauna O'Brien Feb 17, 2015
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.
Citi Upgrades Travelers
Citigroup has boosted its rating on Travelers (TRV ) from “Sell” to “Neutral.” TRV has a dividend yield of 2.04%.
Credit Suisse Cuts Estimates on Exelon
Credit Suisse has cut its price target on Exelon (EXC ) to $39, suggesting a 16% upside. The firm has also lowered estimates on the company as it is realizing lower utility prices. EXC has a dividend yield of 3.70%.
Citi Upgrades Marsh & McLennan
Marsh & McLennan (MMC ) has been upgraded from “Neutral” to “Buy” at Citigroup. MMC has a dividend yield of 1.99%.
Rayonier Cut to “Sector Perform”
Rayonier (RYN ) has been cut to “Sector Perform” at RBC Capital as the company is facing growth headwinds in Asia. The firm has a $27 price target on RYN, suggesting a 3% drop. RYN has a dividend yield of 3.57%.
ADT Upgraded to “Outperform”
ADT (ADT ) was upgraded from “Perform” to “Outperform” at Oppenheimer as its business is improving and the company could report subscriber growth this year. ADT has a dividend yield of 2.20%.
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