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A number of big-name, dividend stocks were subject to analyst moves before today’s opening bell. We highlight the most important changes, along with analyst commentary, below.
Wells Fargo upgraded Sunstone Hotel Investors (SHO ) from Market Perform to Outperform. Shares of Sunstone Hotel Investors closed at $14.63 yesterday. The company pays an annual dividend of $0.20 paid quarterly.
Morgan Stanley upgraded Sunoco Logistics Partners (SXL) from Equalweight to Overweight with a price target of $48.00. Shares of Sunoco Logistics Partners closed at $37.50 yesterday. SXL pays an annual dividend of $1.68 paid quarterly.
FBR Capital upgraded Abercrombie & Fitch (ANF) from Outperform to Market Perform and maintained a price target of $24.00. Shares of Abercrombie & Fitch closed at $22.14 yesterday. The company pays an annual dividend of $0.80 paid quarterly.
Deutsche Bank downgraded Sysco (SYY ) from Buy to Hold with a price target of $40.00 from $50.00. Shares of Sysco closed at $37.54 yesterday. SYY pays an annual dividend of $1.20 paid quarterly.