Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.
1. Allegiant Travel Upgraded by Barclays
Travel provider Allegiant Travel Company (ALGT) saw its stock upgraded on Thursday with Barclays confirming an Equal-Weight rating and a target price of $200. Finishing Wednesday’s session at $168.06 (up 0.3%), Allegiant’s adjusted dividend yield is 0.60% with an annual payout of $1.00 (paid quarterly). The stock is 15.63% from its 52-week high.
2. AMC Entertainment Holdings Upgraded by B. Riley
Movie production and cinema company AMC Entertainment Holdings (AMC) was upgraded pre-market on Thursday with B. Riley raising their target price to $35.00 and their rating to Buy. Finishing Wednesday’s session at $28.01 (down 1.6%), AMC’s adjusted dividend yield is 2.86% with an annual payout of $0.80 (paid quarterly). The stock is 22.47% from its 52-week high.
3. Marvell Technology Group Upgraded by Goldman Sachs
Semiconductor provider Marvell Technology (MRVL ) saw its stock upgraded pre-market on Thursday with Goldman Sachs adding the stock to their Neutral list. The new price target is $14.00. Finishing Wednesday’s session at $14.10 (down 0.2%), Marvell Technology’s adjusted dividend yield is 1.70% with an annual payout of $0.24 (paid quarterly). The stock is 15.97% from its 52-week high.
4. Harley Davidson Upgraded by UBS
Motorcycle producer Harley Davidson (HOG ) saw its stock upgraded on Thursday with UBS adding the stock to their Buy list. No target price was provided. This rating change comes after Harley Davidson management announced an additional 15 million share buyback. In 2014, the company completed a 20 million share buyback. Finishing Wednesday’s session at $56.66 (up 3.6%), Harley Davidson’s adjusted dividend yield is 2.19% with an annual payout of $1.24 (paid quarterly). The stock is 21.71% from its 52-week high.
5. Webster Financial Downgraded by Morgan Stanley
Regional bank Webster Financial (WBS ) saw its stock downgraded pre-market on Thursday with Morgan Stanley changing its rating to Underweight with a target price of $36.00. WBS announced earlier this week that they have exceeded their nine-month capital requirements and Dodd Frank stress tests. Finishing Wednesday’s session at $39.78 (down 2.9%), Webster’s adjusted dividend yield is 2.31% with an annual payout of $0.92 (paid quarterly). The stock is 3.77% from its 52-week high.
6. Southwest Airlines Downgraded by Barclays
Regional airline Southwest Airlines (LUV ) saw its stock downgraded on Thursday with Barclays adding an Underweight and a new target price of $39.00. The FAA are currently investigating Southwest Airlines in light of a near miss at Chicago’s Midway Airport. Finishing Wednesday’s session at $33.84 (down 0.2%), Southwest Airlines’ adjusted dividend yield is 0.89% with an annual payout of $0.30 (paid quarterly). The stock is 28.26% from its 52-week high.
