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. PPL Corp. Upgraded by Deutsche Bank
Deutsche Bank upgraded PPL Corp. (PPL ) from Hold to Buy, with a price target of $36. Shares of PPL Corp. closed at $33.79 yesterday. The company pays an annual dividend of $1.51 (paid quarterly) and has a yield of 4.47%.
2. BE Aerospace Upgraded by Canaccord Genuity
Canaccord Genuity upgraded BE Aerospace (BEAV) from Hold to Buy, with a price target of $60. Shares of BE Aerospace closed at $47.56 yesterday. The company pays an annual dividend of 76 cents (paid quarterly) and has a yield of 1.60%.
3. CONE Midstream Partners, LP Upgraded by Baird
Baird upgraded CONE Midstream Partners, LP (CNNX) from Neutral to Outperform, with a price target of $12 (from $15). Shares of CONE Midstream Partners, LP closed at $8.92 yesterday. The company pays an annual dividend of 88 cents (paid quarterly) and has a yield of 9.87%.
4. L-3 Communications Downgraded by Cowen
Cowen downgraded L-3 Communications (LLL ) from Outperform to Market Perform, with a price target of $125 (from $146). Shares of L-3 Communications closed at $128.40 yesterday. The company pays an annual dividend of $2.60 (paid quarterly) and has a yield of 2.02%.
5. New York Community Bancorp Downgraded by FBR Capital
FBR Capital downgraded New York Community Bancorp (NYCB ) from Market Perform to Underperform, with a price target of $15 (from $16). Shares of New York Community Bancorp closed at $16.86 yesterday. The company pays an annual dividend of $1 (paid quarterly) and has a yield of 5.93%.
