Stock News: Analyst Moves for October 9: WFC, WY, MT & More

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. Wells Fargo upgraded to overweight by JPMorgan

JPMorgan upgraded Wells Fargo (WFC ) from Neutral to Overweight, with a price target of $58.50.
Shares of Wells Fargo closed at $52.54 yesterday. The company pays an annual dividend of $1.50 (paid quarterly) and has a yield of 2.85%.

2. Weyerhaeuser upgraded to neutral by UBS

UBS upgraded Weyerhaeuser (WY ) from Sell to Neutral.
Shares of Weyerhaeuser closed at $28.55 yesterday. The company pays an annual dividend of $1.24 (paid quarterly) and has a yield of 4.34%.

3. Arcelor Mittal upgraded to overweight by JPMorgan

JPMorgan upgraded Arcelor Mittal (MT ) from Neutral to Overweight.
Shares of Arcelor Mittal closed at $6.38 yesterday. The company pays an annual dividend of 68 cents (paid quarterly) and has a yield of 10.66%.

4. PACCAR downgraded to neutral by JPMorgan

JPMorgan downgraded PACCAR (PCAR ) from Overweight to Neutral with a price target of $55.00 (from $70.00).
Shares of PACCAR closed at $55.80 yesterday. The company pays an annual dividend of 96 cents (paid quarterly) and has a yield of 1.72%.

5. Franklin Resources downgraded to hold by Deutsche Bank

Deutsche Bank downgraded Franklin Resources (BEN ) from Buy to Hold, with a price target of $40.00 (from $44.00).
Shares of Franklin Resources closed at $38.89 yesterday. The company pays an annual dividend of 60 cents (paid quarterly) and has a yield of 1.55%.