Before today’s opening bell, a number of big-name dividend stocks were the subject of analyst moves. Below, we highlight the most important analyst commentary for investors.
1. Raytheon Upgraded by Bernstein
Bernstein upgraded Raytheon Liquid error: internal from Market Perform to Outperform, with a price target of $132. Shares of Raytheon closed at $103.65 yesterday. The company pays an annual dividend of $2.68 (paid quarterly) and has a yield of 2.59%.
2. Intel Upgraded by Bernstein
Bernstein upgraded Intel (INTC) from Underperform to Market Perform, with a price target of $29 (from $25). Shares of Intel closed at $28.67 yesterday. Intel pays an annual dividend of 96 cents (paid quarterly) and has a yield of 3.35%.
3. Carnival Corporation Upgraded by Nomura Securities
Nomura Securities upgraded Carnival Corporation (CCL) from Neutral to Buy, with a price target of $62 (from $53). Shares of Carnival Corporation closed at $49.79 yesterday. The company pays an annual dividend of $1.20 (paid quarterly) and has a yield of 2.41%.
4. Sherwin-Williams Downgraded by Longbow Research
Longbow Research downgraded Sherwin-Williams (SHW ) from Buy to Neutral and removed its price target (prior $330). Shares of Sherwin-Williams closed at $237.25 yesterday. The company pays an annual dividend of $2.68 (paid quarterly) and has a yield of 1.13%.
5. Cytec Industries Inc. Downgraded by Jefferies
Jefferies downgraded Cytec Industries Inc. (CYT ) from Buy to Hold, with a price target of $75 to reflect the Solvay bid. Shares of Cytec closed at $74.10 yesterday. The company pays an annual dividend of 50 cents (paid quarterly) and has a yield of 0.67%.
