Before Wednesday’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.
Jefferies Cuts PT on Abbott Labs
Abbott Labs (ABT) had its price target cut to $46 at Jefferies due to pricing pressure and exposure to the foreign exchange markets. The new price target suggests the stock will gain 21%. The “Buy”-rated ABT has a dividend yield of 2.32%.
Citi Downgrades Huntsman
Huntsman Corp (HUN) was downgraded to “Neutral” from “Buy” at Citigroup as Citi believes HUN does not have any near-term catalysts. Citi has a PT of $27 on Huntsman, suggesting a 19% upside to the stock’s current price. HUN has a yield of 2.21%.
ConAgra’s Numbers Cut at Two Firms
ConAgra Foods (CAG) had its estimates and price target cut at Credit Suisse and Jefferies. Credit Suisse cut CAG’s PT to $31 and lowered its estimates because of CAG’s recent profit warning. The new PT suggests that CAG’s stock has a 6.6% upside.
Jefferies lowered CAG’s price target to $35, suggesting a 20% upside to the stock’s current price. Jefferies cut CAG’s numbers based on pressure on all of ConAgra’s operating segments, and management’s lower guidance. CAG has a yield of 3.44%.
Jefferies Boosts PT on Eli Lilly
Jefferies raised its price target on Eli Lilly (LLY) to $44 due to LLY’s strong performance in a number of its products. The new PT suggests a 19.3% downside to LLY’s current stock price. LLY has a yield of 3.6%.
Tyson Gets Numbers Bump at Credit Suisse
Credit Suisse raised its price target and estimates on Tyson Foods (TSN) because TSN is seeing more stability in its chicken business. The PT was boosted to $36, suggesting a 2% downside to TSN’s current price. TSN has a dividend yield of 0.82%.
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