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.
Credit Suisse Starts Coverage on McDonald’s
Credit Suisse has initiated coverage on McDonald’s (MCD ) with a “Neutral” rating and a $99 price target. According to the firm, MCD is facing weak near-term growth trends. MCD has a dividend yield of 3.53%.
Yum! Brands Started as “Underperform”
Credit Suisse has initiated coverage on Yum! Brands (YUM ) with an “Underperform” rating and a $74 price target. This price target suggests a 5% decline from the stock’s current price. The firm’s rating is based on valuation call, as YUM is trading at 22x earnings. YUM has a dividend yield 2.11%.
Jefferies Raises Price Target on Du Pont
Jefferies has raised its price target on Du Pont (DD ) from $84 to $91. This new price target suggests a 15% increase from the stock’s current price. However, the firm has lowered estimates on DD due to weaker volumes in Asia and Latin America. DD has a dividend yield of 2.39%.
Credit Suisse Raises Price Target on J B Hunt
Credit Suisse has boosted its price target on J B Hunt (JBHT ) to $91, suggesting an 8% upside from the stock’s current price. According to the firm, JBHT appears to be at an inflection point. JBHT has a dividend yield of 1.00%.
