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.
BMO Capital Raises Estimates for Bristol-Myers Squibb
BMO Capital has boosted its price target on Bristol-Myers Squibb (BMY ) to $75, suggesting a 10% upside from the stock’s current price. The firm has also raised estimates on BMY, as immune-oncology is expected to drive growth. BMY has a dividend yield 2.19%.
Kimberly Clark Upgraded at Wells Fargo
Kimberly Clark (KMB ) has been boosted to “Outperform” at Wells Fargo on a valuation call. According to the firm, the competition fears were overblown. KMB has a dividend yield of 3.23%.
Topeka Capital Starts Coverage on L Brands
Topeka Capital has initiated coverage on L Brands (LB) with a “Buy” rating and a $106 price target. This new price target suggests a 14% increase from the stock’s current price. According to the firm, LB has two solid brands that have room to grow. LB has a dividend yield of 2.14%.
Estee Lauder Upgraded at Wells Fargo
Estee Lauder (EL) has been upgraded from “Market Perform” to “Outperform” at Wells Fargo as the company is seeing higher organic growth and less risks. EL has a dividend yield of 1.16%.
Jefferies Boosts Price Target on Darden Restaurants
Jefferies has raised its price target on Darden Restaurants (DRI ) to $63, suggesting an 8% decline. The firm has also boosted estimates on DRI, as the company is cutting costs and seeing higher operating results. DRI has a dividend yield of 3.18%.
Progressive Corp Downgraded at Goldman
Progressive Corp (PGR ) has been cut to “Neutral” at Goldman Sach as the company lacks near-term catalysts. PGR has a dividend yield of 2.48%.
