Before Wednesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the most important analyst commentary for investors.
Procter & Gamble Cut to “Hold”
Procter & Gamble (PG ) has been downgraded from “Buy” to “Hold” at Societe Generale. Analysts no longer value the company on a premium compared to its peers. PG has a dividend yield of 3.30%.
Credit Suisse Raises Numbers on United Parcel Service
Credit Suisse has raised its price target on United Parcel Service (UPS ) to $104. The firm has also boosted estimates on UPS due to better ground pricing. UPS has a dividend yield of 2.90%.
BMO Capital Boosts Estimates on Aetna
BMO Capital has raised estimates on Aetna (AET ) through 2016 as the company is seeing a higher number of memberships. AET has a dividend yield of 0.91%.
Parker Hannifin Downgraded at Stifel
Parker Hannifin (PH ) has been downgraded to “Hold” at Stifel as the company has lowered its guidance. PH has a dividend yield of 2.10%.
Church & Dwight Downgraded to “Market Perform”
Church & Dwight (CHD ) has been cut from “Outperform” to “Market Perform” at Oppenheimer on a valuation call. CHD has a dividend yield 1.60%.