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%.
See Also: History of Bank Stock Dividends: Still Little Recovery from Financial Crisis
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
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