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.
1. Estée Lauder Upgraded by Telsey Advisory Group
Cosmetics company Estée Lauder (EL ) saw its stock upgraded to Outperform by Telsey Advisory Group on Tuesday. Their new price target is $99. Reporting better-than-expected profits, the company announced an EPS of 40 cents or $153 million. Sales on makeup products softened 3.7%. Finishing Monday’s session at $82.80 (down 6.8%), Estée Lauder’s adjusted dividend yield is 1.16%, with an annual payout of $0.96 (paid quarterly). The stock is 9.69% from its 52-week high.
2. ACE Upgraded by BMO Capital
ACE (ACE ), the property and casualty insurer, was upgraded by BMO Capital on Monday, with the bank putting the stock on their Outperfom list. Their new price target is $122. Ace announced in July that it would be acquiring Chubb in a deal worth $28.3 billion. This merger would make the combined entity one of the largest insurers in the world. Finishing Monday’s session at $109.99 (up 0.3%), ACE’s adjusted dividend yield is 2.44%, with an annual payout of $2.68 (paid quarterly). The stock is 6.70% from its 52-week high.
3. LAN Chile Airlines Downgraded by Imperial Capital
Airline LAN Chile (LFL ) saw its stock downgraded pre-market, with Imperial Capital shifting their rating to In-line. Their new price target is $7. Finishing Tuesday’s session at $5.25 (down 2.4%), LAN’s adjusted dividend yield is 0.19%, with an annual payout of $0.01. The stock is 60.41% from its 52-week high.
4. Principal Financial Group Downgraded by Keefe Bruyette & Woods
Asset manager Principal Financial Group (PFG ) was downgraded by Keefe Bruyette & Woods on Monday, with the broker confirming a Market Perform rating and a new price target of $61. Finishing Monday’s session at $57.67, Principal Financial Group’s adjusted dividend yield is 2.64%, with an annual payout of $1.52. The stock is 0.60% from its 52-week high.
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