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Critical Facts You Need to Know About Preferred Stocks
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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%.