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. Citi Upgraded by Credit Suisse
Credit Suisse upgraded Citi (C ) from Neutral to Outperform, with a price target of $62. Shares of Citi closed at $50.55 on Friday. Citi pays an annual dividend of 20 cents (paid quarterly) and has a yield of 0.40%.
2. CH Robinson Worldwide Inc. Upgraded by BB&T Capital
BB&T Capital upgraded C.H. Robinson Worldwide (CHRW ) from Hold to Buy, with a price target of $81. Shares of C.H. Robinson Worldwide closed at $68.53 on Friday. The company pays an annual dividend of $1.52 (paid quarterly) and has a yield of 2.22%.
3. Infosys Technologies Upgraded by Societe Generale
Societe Generale upgraded Infosys Technologies (INFY ) from Sell to Hold. Shares of Infosys Technologies closed at $17.81 on Friday. The company pays an annual dividend of 89 cents (paid quarterly) and has a yield of 4.98%.
4. Stryker Downgraded by Needham & Company
Needham & Company downgraded Stryker (SYK ) from Buy to Hold. Shares of Stryker closed at $96.90 on Friday. The company pays an annual dividend of $1.38 (paid quarterly) and has a yield of 1.42%.
5. Cummins Downgraded by BB&T Capital
BB&T Capital downgraded Cummins (CMI) from Buy to Hold. Shares of Cummins closed at $110.52 yesterday. The company pays an annual dividend of $3.90 (paid quarterly) and has a yield of 3.53%.
