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Analyst Moves: Bristol-Myers Squibb, Kimberly Clark, L Brands, More (BMY, KMB, LB, More)

Shauna O'Brien Mar 24, 2015

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%.

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