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. ExxonMobil upgraded to equalweight by Barclays
Barclays upgraded ExxonMobil (XOM ) from Underweight to Equalweight with a price target of $85.00 (from $80.00).
Shares of ExxonMobil closed at $79.26 yesterday. The company pays an annual dividend of $2.92 (paid quarterly) and has a yield of 3.68%.
2. PPG Industries upgraded to buy by Goldman Sachs
Goldman Sachs upgraded PPG Industries (PPG ) from Neutral to Buy with a price target of $113.00 (from $107.00).
Shares of PPG Industries closed at $95.97 yesterday. The company pays an annual dividend of $1.44 (paid quarterly) and has a yield of 1.49%.
3. Raytheon upgraded to overweight by JPMorgan
JPMorgan upgraded Raytheon (RTN ) from Neutral to Overweight with a price target of $130.00 (from $121.00).
Shares of Raytheon closed at $111.46 yesterday. The company pays an annual dividend of $2.68 (paid quarterly) and has a yield of 2.40%.
4. Cenovus Energy Inc. downgraded to underweight by Barclays
Barclays downgraded Cenovus Energy Inc. (CVE ) from Equalweight to Underweight with a price target of $23 (unchanged).
Shares of Cenovus Energy Inc. closed at $16.93 yesterday. The company pays an annual dividend of 49 cents (paid quarterly) and has a yield of 2.98%.
5. Harley-Davidson downgraded to neutral by Longbow Research
Longbow Research downgraded Harley-Davidson (HOG ) from Buy to Neutral and removed its price target (prior $69.00).
Shares of Harley-Davidson closed at $55.09 yesterday. The company pays an annual dividend of $1.24 (paid quarterly) and has a yield of 2.28%.
