A number of big-name dividend stocks were subject to analyst moves before the opening bell today. We highlight the most important changes, along with analyst commentary below.
1. American Campus Communities Upgraded by Baird
Baird upgraded American Campus Communities (ACC ) from Neutral to Outperform, with a price target of $45. Shares of American Campus Communities closed at $40.88 yesterday. The company pays an annual dividend of $1.60 (paid quarterly) and has a yield of 3.91%.
2. Dunkin' Brands Upgraded by CLSA
CLSA upgraded Dunkin’ Brands (DNKN ) from Outperform to Buy, with a price target of $50. Shares of Dunkin’ Brands closed at $40.54 yesterday. The company pays an annual dividend of $1.06 (paid quarterly) and has a yield of 2.61%.
3. Northrop Grumman Upgraded by Drexel Hamilton
Drexel Hamilton upgraded Northrop Grumman (NOC ) from Hold to Buy, with a price target of $211. Shares of Northrop Grumman closed at $180.60 yesterday. The company pays an annual dividend of $3.20 (paid quarterly) and has a yield of 1.77%.
4. Cummins Downgraded by Morgan Stanley
Morgan Stanley downgraded Cummins (CMI ) from Equalweight to Underweight, with a price target of $79 (from $112). Shares of Cummins closed at $102.35 yesterday. The company pays an annual dividend of $3.90 (paid quarterly) and has a yield of 3.81%.
5. Edison International Downgraded by Evercore ISI
Evercore ISI downgraded Edison International (EIX ) from Buy to Hold, with a price target of $65 (unchanged). Shares of Edison International closed at $64.38 yesterday. The company pays an annual dividend of $1.67 (paid quarterly) and has a yield of 2.59%.
