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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.