Before Tuesday’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.
Oppenheimer Upgrades Coach
Coach, Inc. (COH) was upgraded to Outperform at Oppenheimer, as Coach’s outlet channel is seeing higher traffic and the business is being stabilized by a new designer. Oppenheimer has a price target of $50 on COH, suggesting a 20% upside to the stock’s current price. COH has a dividend yield of 3.24%.
Oppenheimer Downgrades Chevron
Chevron Corp (CVX ) was downgraded to “Perform” at Oppenheimer, based on a valuation call and the lower outlook for oil prices. CVX has a dividend yield of 3.97%.
Sterne Agee Upgrades DSW Inc
DSW Inc (DSW) was upgraded to “Buy” from “Neutral” at Sterne Agee, as DSW is improving its women’s business and is seeing easier comps. Sterne Agee has a price target of $45 on DSW, suggesting a 22% upside to the stock’s current price. DSW has a yield of 2.17%.
Citigroup Downgrades Williams Cos.
Williams Cos. (WMB ) was downgraded to “Neutral” from “Buy” at Citigroup, based on a valuation call and WMB’s $49 price target. The $49 price target suggests the stock will stay flat at its current price. WMB has a yield of 4.72%.
Credit Suisse Downgrades St. Jude Medical
St. Jude Medical (STJ) was downgraded to “Underperform” from “Outperform” at Credit Suisse, due to increased competition. Credit Suisse has a price target of $74 on STJ, suggesting the stock will rise by 8%. STJ has a yield of 1.69%.
