Prior to the opening bell today, a few big-name dividend stocks were subject to analyst moves. The most important shifts of the day are highlighted below.
1. Telefonica S.A. Downgraded by BofA/Merrill Lynch
BofA/Merrill Lynch downgraded Telefonica S.A. (TEF ) from Neutral to Underperform, with a price target of $12.50. Shares of Telefonica S.A. closed at $13.63 yesterday. The company offers an annual payout of 89 cents (paid semi-annually).
2. Helmerich & Payne Downgraded by BMO Capital
BMO Capital downgraded Helmerich & Payne (HP ) from Market Perform to Underperform, with a price target of $48.00. Shares of Helmerich & Payne closed at $55.92 yesterday. HP has an annual payout of $2.75 (paid quarterly).
3. BB&T Capital Upgraded by Baird
Baird upgraded BB&T Capital (BBT ) from Neutral to Outperform, with a price target of $40.00. Shares of BB&T Capital closed at $35.33 yesterday. The company offers an annual payout of $1.08 (paid quarterly).
4. Wells Fargo Upgraded by Sandler O'Neill
Sandler O’Neill upgraded Wells Fargo (WFC ) from Hold to Buy, with a price target of $59.00. Shares of Wells Fargo closed at $50.99 yesterday. Wells Fargo offers an annual payout of $1.50 (paid quarterly).
5. Hasbro Upgraded by Piper Jaffray
Piper Jaffray upgraded Hasbro (HAS ) from Neutral to Overweight, with a price target of $85.00, saying the pullback offers an opportunity into Star Wars sales and 2016 catalysts. Shares of Hasbro closed at $72.52 yesterday. HAS offers an annual payout of $1.84 (paid quarterly).