Before Monday’s opening bell, a number of big-name dividend stocks were the subject of analyst upgrades and downgrades. Below, we highlight the moves investors need to know.
Goldman Sachs Downgrades Targa Resources
Goldman Sachs downgraded Targa Resources (TRGP ) from Buy to Neutral with a price target of $117.00—from $123.00. Targa pays a quarterly dividend of 83 cents.
BP Downgraded by Goldman Sachs
Goldman Sachs downgraded BP (BP ) from Neutral to Sell. BP pays a yield of 5.61% based on today’s open of $42.43 with a quarterly dividend of 60 cents.
KeyBanc Upgrades Schnitzer Steel to Overweight
Schnitzer Steel Upgraded by KeyBanc (SCHN ) to Overweight. Schnitzer Steel has a yield of 4.20% based on today’s opening price of $18.10 with a quarterly dividend of 19 cents.