Analyst Moves: Exxon Mobil, Disney, Bristol-Myers Squibb, More (XOM, DIS, BMY, More)
Shauna O'Brien Mar 05, 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.
Credit Suisse Raises Price Target on Exxon Mobil
Credit Suisse has boosted its price target on Exxon Mobil (XOM ) to $85, suggesting a 2% drop from the stock’s current price. The firm has also raised estimates on XOM, as it continues to cut costs. XOM has a dividend yield of 3.17%
Deutsche Bank Starts Coverage on Disney
Deutsche Bank has initiated coverage on Walt Disney (DIS ) with a “Hold” rating and a $105 price target. DIS has a dividend yield of 1.09%.
Credit Suisse Raises PT on Bristol-Myers Squibb
Credit Suisse has boosted its price target on Bristol-Myers Squibb (BMY ) to $70. This new price target suggests a 6% upside from the stock’s current price. The firm has also raised estimates on BMY as a result of the company’s new lung cancer drug. BMY has a dividend yield of 2.25%.
Deutsche Bank Starts Coverage on Time Warner
Deutsche Bank has initiated coverage on Time Warner (TWX ) with a “Buy” rating and a $100 price target (suggesting a 20% upside). According to the firm, TWX has growth potential. TWX has a dividend yield of 1.69%.
Exelon Boosted to “Overweight”
Exelon Corporation (EXC ) was upgraded from “Neutral” to “Overweight” at JP Morgan on a valuation call. EXC has a dividend yield of 3.80%.
Two Firms Downgrade Abercrombie & Fitch
Topeka has lowered its rating on Abercrombie & Fitch (ANF ) from “Hold” to “Sell” as its turnaround is taking longer than expected. The firm has an $18 price target on ANF, suggesting an 8% decline.
Nomura has downgraded ANF from “Buy” to Neutral" as the company is seeing lower sales and lacks near-term catalysts. The firm has a $19 price target on ANF.
ANF has a dividend yield of 3.95%.
Dunkin Brands Upgraded at Goldman
Goldman Sachs has boosted its rating on Dunkin Brands Group (DNKN ) from “Neutral” to “Buy” as K-cups are expected to drive growth. The firm has a $54 price target on DNKN, suggesting a 19% upside. DNKN has a dividend yield of 2.33%
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