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. Analog Devices Upgraded by BMO Capital
BMO Capital upgraded Analog Devices (ADI ) from Market Perform to Outperform, with a price target of $66. Shares of Analog Devices closed at $56.05 yesterday. The company pays an annual dividend of $1.60 (paid quarterly) and has a yield of 2.85%.
2. Intel Upgraded by Summit Research
Summit Research upgraded Intel (INTC ) from Hold to Buy, with a price target of $40. Shares of Intel closed at $32.04 yesterday. The company pays an annual dividend of 96 cents (paid quarterly) and has a yield of 3.00%.
3. Taubman Centers Upgraded by Cowen
Cowen upgraded Taubman Centers (TCO ) from Neutral to Outperform, with a price target of $95 (from $72.50). Shares of Taubman Centers closed at $73.44 yesterday. The company pays an annual dividend of $2.26 (paid quarterly) and has a yield of 3.08%.
4. Oracle Downgraded by JMP Securities
JMP Securities downgraded Oracle (ORCL ) from Market Perform to Market Underperform, with a price target of $31. Shares of Oracle closed at $37.82 yesterday. The company pays an annual dividend of 60 cents (paid quarterly) and has a yield of 1.59%.
5. Brown & Brown Downgraded by Wells Fargo
Wells Fargo downgraded Brown & Brown (BRO ) from Outperform to Market Perform. Shares of Brown & Brown closed at $31.47 yesterday. The company pays an annual dividend of 44 cents (paid quarterly) and has a yield of 1.40%.
