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.
Oppenheimer Upgrades Coach
Coach, Inc. (COH ) was upgraded to Outperform at Oppenheimer, as Coach’s outlet channel is seeing higher traffic and the business is being stabilized by a new designer. Oppenheimer has a price target of $50 on COH, suggesting a 20% upside to the stock’s current price. COH has a dividend yield of 3.24%.
Oppenheimer Downgrades Chevron
Chevron Corp (CVX ) was downgraded to “Perform” at Oppenheimer, based on a valuation call and the lower outlook for oil prices. CVX has a dividend yield of 3.97%.
Sterne Agee Upgrades DSW Inc
DSW Inc (DSW ) was upgraded to “Buy” from “Neutral” at Sterne Agee, as DSW is improving its women’s business and is seeing easier comps. Sterne Agee has a price target of $45 on DSW, suggesting a 22% upside to the stock’s current price. DSW has a yield of 2.17%.
Citigroup Downgrades Williams Cos.
Williams Cos. (WMB ) was downgraded to “Neutral” from “Buy” at Citigroup, based on a valuation call and WMB’s $49 price target. The $49 price target suggests the stock will stay flat at its current price. WMB has a yield of 4.72%.
Credit Suisse Downgrades St. Jude Medical
St. Jude Medical (STJ ) was downgraded to “Underperform” from “Outperform” at Credit Suisse, due to increased competition. Credit Suisse has a price target of $74 on STJ, suggesting the stock will rise by 8%. STJ has a yield of 1.69%.