Dividend Investing Ideas Center
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Shauna O'Brien Feb 19, 2015
Before Thursday’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.
BMO Capital Lowers Estimates on Duke Energy
BMO Capital has lowered its price target on Duke Energy (DUK ) to $86, suggesting a 6% increase. The firm has also cut numbers on DUK due to international growth headwinds. Despite the lower estimates, the firm has maintained an “Outperform” rating on DUK. DUK has a dividend yield of 3.93%.
Citi Downgrades EOG Resources
EOG Resources (EOG ) has been cut to “Neutral” at Citigroup as the company has lowered its production outlook. EOG has a dividend yield of 0.70%.
Coach Upgraded to “Buy”
Coach Liquid error: internal has been upgraded from “Hold” to “Buy” at Topeka Capital as recent tests indicate that the company’s new designs should be successful. The firm has a $44 price target on COH, suggesting a 10% upside. COH has a dividend yield of 3.40%.
Mixed Views on Garmin
Garmin (GRMN ) has been upgraded from “Neutral” to “Buy” at Bank of America/Merrill Lynch. According to analysts, the stock is now attractive, following its 10% pullback. The firm has a $60 price target on GRMN, suggesting an 18% upside.
Credit Suisse has lowered its price target on GRMN to $54, suggesting a 6% upside. The firm has also cut estimates on GRMN due to currency pressures. GRMN has a dividend yield of 3.79%.
Credit Suisse Raises Price Target on Fluor
Credit Suisse has boosted its price target on Fluor Liquid error: internal to $68, suggesting a 15% upside. The firm has also raised estimates on FLR as the company is buying back more stock. FLR has a dividend yield of 1.42%.
Oppenheimer Raises Estimates on Tractor Supply
Tractor Supply (TSCO ) has been boosted to “Outperform” at Oppenheimer. The firm now has a $95 price target on TSCO, suggesting a 12% upside. The firm also raised estimates on TSCO as it is seeing better traffic and is leveraged to lower fuel prices. TSCO has a dividend yield of 0.75%.
Citi Downgrades Huntsman
Citigroup has downgraded Huntsman (HUN ) to “Neutral” as the company lacks near-term catalysts. HUN has a dividend yield of 2.20%.