Stock News: Analyst Moves for August 10 - MMP, ABX & More

Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.

Oil and gas pipeline company Magellan Midstream Partners (MMP ) saw its stock upgraded to Outperform from Neutral on Monday, with Credit Suisse setting a price target of $89. Finishing Friday’s session at $64.06 (up 1.5%) Magellan’s adjusted dividend yield is 4.62%, with an annual payout of $2.96 (paid quarterly). The stock is 28.89% from its 52-week high.

Barrick Gold (ABX ) received a ratings revision from Barclays on Friday, with the bank putting the stock on their Equal Weight list and adding a new price target of $10. The gold miner announced on Thursday that it would be cutting $2 billion in costs in an effort to boost profitability. Finishing Friday’s session at $7.04 (up 2.3%), Barrick Gold’s adjusted dividend yield is 1.14%, with an annual payout of $0.08 (paid quarterly). The stock is 63.64% from its 52-week high.

Entertainment company 21st Century Fox (FOXA ) was upgraded to Neutral by Rosenblatt on Friday. Their new price target is $30. Finishing Friday’s session at $30.69 (up 2.7%), 21st Century Fox’s adjusted dividend yield is 0.98%, with an annual payout of $0.30 (paid semi-annually). The stock is 21.85% from its 52-week high.

Diversified utilities provider Alliant Energy (LNT ) saw its stock downgraded on Friday, with Wolfe Research shifting their rating to Peer Perform. No target price was supplied. The company recently beat estimates, with net earnings coming in at $67.6 million on revenue of $717.2 million. Finishing Friday’s session at $60.72 (up 0.1%), Alliant Energy’s adjusted dividend yield is 3.62%, with an annual payout of $2.20 (paid quarterly). The stock is 14.24% from its 52-week high.

Office REIT Parkway Properties (PKY ) was downgraded to Sector Perform by RBC Capital Markets on Monday. Their price target has been reduced from $20 to $18 a share. Finishing Friday’s session at $17.32, Parkway’s adjusted dividend yield is 4.33%, with an annual payout of $0.75 (paid quarterly). The stock is 19.44% from its 52-week high.

CrossAmerica Partners (CAPL ) received a Neutral rating from Baird on Monday. Their price target has been reduced from $40 to $25. Finishing Friday’s session at $24.42 (down 12.2%), CrossAmerica’s adjusted dividend yield is 8.97%, with an annual payout of $2.19. The stock is 40.25% from its 52-week high.