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.
Apple Upgraded by Societe Generale
Technology giant Apple (AAPL ) saw its stock upgraded on Monday with Societe Generale confirming a buy rating and a new price target of $140.00. Apple is set to release their IOS9 platform and their contactless pay solution, Apple Pay, with HSBC confirming the 14th as the launch date. Finishing Friday’s session at $123.28 (up 2.7%), Apple’ adjusted dividend yield is 1.69%, with an annual payout of $2.08 (paid quarterly). The stock is 8.37% from its 52 week high.
ClearBridge Energy MLP Fund Upgraded by Bank of America / Merrill Lynch
ClearBridge Energy MLP Fund (CEM) was upgraded on Monday with Bank of America / Merrill Lynch lifting their rating from neutral to buy. No price target was provided. Finishing Friday’s session at $23.69 (up 2.2%), ClearBridge’ adjusted dividend yield is 7.09%, with an annual payout of $1.68 (paid quarterly). The stock is 21.92% from its 52 week high.
Celadon Group Upgraded by Raymond James
Trucking services company Celadon Group (CGI) saw its stock upgraded pre market on Monday with Raymond James changing their rating to strong buy and adding a new target price of $26.00. In April, the company announced a 19% increase in its quarterly revenues, with net income at $8.6 million. Finishing Friday’s session at $21.28 (up 2.9%), Celadon’ adjusted dividend yield is 0.38%, with an annual payout of $0.08 (paid quarterly). The stock is 27.00% from its 52 week high.
Windstream Downgraded by UBS
Domestic telecom service provider Windstream (WIN) saw its stock downgraded pre-market Monday with UBS adding the stock to their sell list. The new price target of $5 is $6.50 below the previous valuation. Finishing Friday’s session at $5.68 (up 3.3%), Windstream’s adjusted dividend yield is 4.64% with an annual payout of $0.26 (paid quarterly). The stock is 73.65% from its 52 week high.
SL Green Realty Downgraded by Goldman Sachs
Real estate developer SL Green Realty (SLG ) saw its stock downgraded to sell by Goldman Sachs on Monday. The analyst confirmed a new price of $105, which was a $17 drop from the previous target. SL Green Realty has recently been on the acquisition trail with a $27.1 million purchase of a residential building on New York’s Upper East Side. Finishing Friday’s session at $114.93 (up 0.9%), GL Realty’ adjusted dividend yield is 2.09%, with an annual payout of $2.40 (paid quarterly). The stock is 15.37% from its 52 week high.
