Before Thursday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.
Citigroup Downgraded at Sterne Agee
Citigroup Inc (C) has been cut to “Neutral” at Sterne Agee. The firm currently has a $52 price target on C, suggesting an 8% upside from the stock’s current price of $48.24. Analysts have also lowered estimates on Citi as the company is facing another transition year. C has a dividend yield of 0.08%.
Citi Downgrades CF Industries
Citigroup has downgraded CF Industries Holdings, Inc. (CF) from “Buy” to “Neutral” on a valuation call. CF has a dividend yield of 1.51%.
BMO Capital Initiates “Neutral” Rating on Chevron
BMO Capital has started coverage on Chevron Corporation (CVX) with a “Market Perform” rating and $125 price target. This price target suggests a 5% increase from the stock’s current price of $119.35. CVX has a dividend yield of 3.35%.
See Also: Dividends in Focus: The Dow 30
G&K Services Cut to “Neutral” at Robert Baird
G&K Services Inc (GK) has been downgraded from “Outperform” to “Neutral” at Robert Baird as profits are likely to fall in-line with peers. GK has a dividend yield of 1.74%.
Monsanto Upgraded at JP Morgan
Monsanto Company (MON) has been upgraded to “Overweight” at JP Morgan. Analysts see MON increasing balance sheet leverage and possibly breaking up company to create more value. MON has a dividend yield of 1.50%.
Morgan Stanley Starts Coverage on J.M Smucker
Morgan Stanley has started coverage on The J.M. Smucker Company (SJM) with an “Equal Weight” rating and $101 price target. This price target suggests a 3% increase from the stock’s current price of $97.79. SJM is now facing competition with its K-cups. SJM has a dividend yield of 2.37%.
BMO Starts Initiates “Underperform” Rating on Exxon
BMO Capital has initiated coverage on Exxon Mobil Corporation (XOM) with an “Underperform” rating and $85 price target. This price target suggests a 15% decline from the stock’s current price of $97.95. XOM has a dividend yield of 2.57%.
UBS Lifts PT on Acuity Brands
UBS has raised its price target on Acuity Brands, Inc. (AYI) to $139. This new price target suggests a 1% increase from the stock’s current price of $137.75.
UBS Boosts PT on Dow Chemical
UBS has increased its price target on The Dow Chemical Company (DOW) to $57. This new price target suggests a 14% upside from the stock’s current price of $49.90. Analysts see an upside from oil based chemicals. DOW has a dividend yield of 2.97%.
UBS Lifts PT on The Kroger
UBS reported that it has raised its price target on The Kroger Co. (KR) to $45. This new price target suggests that the stock will remain flat at its current price. Analysts see an increase in grocery profits and lower fuel profit driving earnings. KR has a dividend yield of 1.46%.