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The Market Wrap for September 11: A Short Yet Bumpy Week
In the end, stocks whipsawed through much of the shortened week.
Below are the dividend stocks that were subject to analyst moves before the bell. Our analysts weigh in with insight and commentary as to what you can expect going forward.
1. DA Davidson Downgrades First Pactrust Bancorp
DA Davidson downgraded First Pactrust Bancorp (BANC ) from Buy to Neutral with a price target of $14.50, which remains unchanged. Shares of First Pactrust Bancorp closed at $10.75 yesterday.
2. BMO Capital Downgrades First Potomac
BMO Capital downgraded First Potomac (FPO ) from Outperform to Market Perform with a price target of $12.50, up from $16.00. Shares of First Potomac closed at $10.48 yesterday.
3. Raymond James Downgrades BT Group
Raymond James downgraded BT Group (BT ) from Strong Buy to Underperform. Shares of BT Group closed at $70.72 yesterday.
4. Ralph Lauren Upgraded to Buy
Goldman Sachs upgraded Ralph Lauren (RL ) from Neutral to Buy with a price target of $154.00, up from $138.00.
5. UBS Upgrades Johnson Controls
UBS upgraded Johnson Controls (JCI ) from Neutral to Buy with a price target of $59.00. JCI opened this morning at $52.20.
6. Citi Upgrades Ericsson
Citi upgraded Ericsson (ERIC ) from Neutral to Buy. Shares of Ericsson opened at $11.30 today.
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