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. Abercrombie & Fitch Upgraded by Piper Jaffray
Clothing retailer Abercrombie & Fitch (ANF) saw its stock upgraded to Overweight by Piper Jaffray on Monday, with a new price target of $27. The company will report its quarterly earnings on Wednesday. Trading at $17.04 (up 3.6%), ANF’s adjusted dividend yield is 4.69%, with an annual payout of $0.80 (paid quarterly). The stock is 62.55% from its 52-week high.
2. Bank of America Upgraded by Keefe Bruyette & Woods
Bank of America (BAC ) was upgraded by Keefe Bruyette & Woods on Monday, with the broker putting the stock on their Outperform list. Their new price target is $20. Trading at $15.52 (down 3.6%), Bank of America’s adjusted dividend yield is 1.29%, with an annual payout of $0.20 (paid quarterly). The stock is 16.02% from its 52-week high.
3. Bristol-Myers Squibb Upgraded by Piper Jaffray
Drug manufacturer Bristol-Myers Squibb (BMY ) was upgraded by Piper Jaffray on Monday, with a Neutral rating added to the stock. Their new price target is $61. The analyst noted that recent R&D implementation had added value to the stock. Trading at $59.17 (down 3.1%), BMY’s adjusted dividend yield is 2.50%, with an annual payout of $1.48 (paid quarterly). The stock is 16.12% from its 52-week high.
4. RPC Downgraded by SunTrust Robinson Humphrey
Oil and gas equipment provider RPC Inc. (RES ) saw its stock downgraded pre-market, with SunTrust Robinson Humphrey shifting their rating to Neutral and adding a new price target of $9. Trading at $9.20 (down 6.8%), RPC Inc.’s adjusted dividend yield is 4.57%, with an annual payout of $0.42. The stock is 59.91% from its 52-week high.
5. W. W. Grainger Downgraded by Baird
Electronics wholesaler W. W. Grainger (GWW ) was downgraded by Baird on Monday, with the broker confirming a Neutral rating. Their new price target is $240. Trading at $215.09 (down 2.2%), GWW’s adjusted dividend yield is 2.18%, with an annual payout of $4.68. The stock is 17.77% from its 52-week high.
6. Twenty-First Century Fox Downgraded by Needham
Entertainment company Twenty-First Century Fox (FOXA ) was downgraded to Hold by Needham on Monday. No price target was supplied. Trading at $27.05 (down 3.2%), FOXA’s adjusted dividend yield is 1.11%, with an annual payout of $0.30. The stock is 31.12% from its 52 week-high.
