Before Wednesday’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.
BofA/Merrill Lynch Upgrades C.H. Robinson
C.H. Robinson Worldwide (CHRW) was upgraded to “Neutral” from “Underperform” at BofA/Merrill Lynch, as CHRW is seeing inflection in its net revenue margins. The analyst firm has a PT of $68 on CHRW, suggesting the stock price will rise by 5.6% from its current price. CHRW has a dividend yield of 2.17%.
Two Firms Downgrade Eaton Corp
Deutsche Bank downgraded Eaton Corp (ETN) to “Hold” from “Buy,” due to the company’s lower expected sales growth. Deutsche Bank has a PT of $77 on ETN, suggesting a 9% upside to the stock’s current price.
JP Morgan downgraded ETN to “Neutral” from “Overweight” based on a valuation call and ETN’s $75 price target. The PT suggests a 6% upside to ETN’s current price. ETN has a yield of 2.78%.
Aetna Gets Numbers Bump at Two Firms
Aetna (AET) had its price target raised to $95 at Barclays, due to the company’s stock revenues and membership. The new PT suggests a 16% upside to the stock’s current price.
Credit Suisse raised its price target and estimates on Aetna, due to its public exchange margins. CS now has a price target of $90 on AET, suggesting a 10% upside to the stock’s current price. AET has a yield of 1.1%.
Credit Suisse Raises Numbers on Amgen
Amgen (AMGN) had its estimates and price target boosted at Amgen, because of the company’s new guidance. CS now has a price target of $135 on AMGN, suggesting the stock price will rise by 9.5%. AMGN has a dividend yield of 1.98%.
Citigroup Lowers Numbers on McDonald’s
McDonald’s (MCD) had its price target and estimates slashed at Citigroup, based on the fast food company’s new guidance. Citi now sees MCD’s stock price reaching $103, suggesting a 7.5% upside to the stock’s current price. MCD has a yield of 3.38%.
Credit Suisse Cuts Numbers on UPS
United Parcel Service (UPS) had its estimates and price target lowered at Credit Suisse, due to UPS investing in future growth. CS now has a PT of $112 on UPS, suggesting the company’s stock price rise by 13%. UPS has a dividend yield of 2.71%.