Dividend Investing Ideas Center
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Before Monday’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.
Boeing Co. (BA) was downgraded to “Sell” from “Neutral” at Goldman Sachs, as the analysts believe that Boeing’s free cash flow and demand will disappoint. GS has a price target of $132 on BA, suggesting the stock price will fall by 17%. BA has a dividend yield of 2.3%.
Colgate-Palmolive (CL ) was upgraded to “Buy” from “Neutral” at Citigroup, as Citi believes that CL can deliver the best growth in its class and deserves a higher multiple. Citigroup has an $81 price target on CL, suggesting the stock price will rise by 15%. CL has a dividend yield of 2.16%.
CSX Corp (CSX ) was initiated with an “Overweight” rating at JP Morgan, based on a valuation call and the company’s positioning in the coal market. JP Morgan has a price target of $41 on CSX, suggesting the stock price will rise by 15%. CSX has a yield of 1.8%.
Norfolk Southern (NSC ) was started with an “Underweight” rating at JP Morgan, as Norfolk is leveraged to declining coal exports. JP Morgan has a price target of $107 on NSC, suggesting a 4% downside to the stock’s current price. NSC has a yield of 2.11%.
Deere & Co. (DE ) had its estimates and price target cut at Piper Jaffray, due to lower expected agriculture demand. Piper now has a price target of $86 on DE, suggesting a 7% downside to the stock’s current price. DE has a yield of 2.6%.