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Analyst Moves: Colgate-Palmolive, Boeing, Deere & Co., More (CL, BA, DE, More)

Mike Deane Feb 23, 2015


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.


Goldman Sachs Downgrades Boeing


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%.


Citigroup Upgrades Colgate-Palmolive


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%.


JP Morgan Starts CSX Corp at “Overweight”


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%.


JP Morgan Initiates Coverage on Norfolk Southern


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%.


Piper Jaffray Cuts Numbers on Deere & Co.


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%.

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