Before Thursday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the important analyst commentary for investors.
Stifel Downgrades American Eagle
American Eagle Outfitters (AEO) was downgraded from “Buy” to “Hold” at Stifel Nicolaus. The ratings company does not believe that the company’s turnaround is as visible as management has claimed. AEO has a dividend yield of 3.49%.
Dick’s Gets Downgrade
Morgan Stanley downgraded Dick’s Sporting Goods (DKS) to “Equal-Weight” due to a survey that suggests DKS could have increased competition in the near future. DKS has a dividend yield of 0.93%.
Oppenheimer Upgrades General Dynamics
General Dynamics Corporation (GD) was upgraded to “Outperform” from “Perform” at Oppenheimer due to the company repurchasing more stock and because GD’s Gulfstream acquisition has turned the corner. Oppenheimer has a price target of $119 on General Dynamics, which suggests that GD’s stock price could increase by 19.4%. GD has a yield of 2.25%.
Norfolk Southern Upgraded at Two Firms
Norfolk Southern (
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