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. Bank of New York Mellon Upgraded by Deutsche Bank
Deutsche Bank upgraded Bank of New York Mellon (BK ) from Hold to Buy, with a price target of $47.00 (from $48.00). Shares of Bank of New York Mellon closed at $39.32 yesterday. BK pays an annual dividend of 68 cents (paid quarterly) and has a yield of 1.73%.
2. Goldman Sachs Upgraded by BofA/Merrill Lynch
BofA/Merrill Lynch upgraded Goldman Sachs (GS ) from Neutral to Buy, with a price target of $220.00. Shares of Goldman Sachs closed at $185.88 yesterday. The company pays an annual dividend of $2.60 (paid quarterly) and has a yield of 1.40%.
3. ProLogis Upgraded by Stifel
Stifel upgraded ProLogis (PLD ) from Hold to Buy, with a price target of $41.00. Shares of ProLogis closed at $37.27 yesterday. ProLogis pays an annual dividend of $1.60 (paid quarterly) and has a yield of 4.29%.
4. TECO Energy Downgraded by Argus
Argus downgraded TECO Energy (TE ) from Buy to Hold. Shares of TECO Energy closed at $26.34 yesterday. TE pays an annual dividend of 90 cents (paid quarterly) and has a yield of 3.42%.
5. Patterson-UTI Energy Downgraded by Tudor Pickering
Tudor Pickering downgraded Patterson-UTI Energy (PTEN ) from Accumulate to Hold. Shares of Patterson-UTI Energy closed at $14.72 yesterday. PTEN pays an annual dividend of 40 cents (paid quarterly) and has a yield of 2.72%.
