February 10, 2017

Notable Analyst Upgrades and Downgrades for Week of February 6, 2017


Upgrades:


Credit Suisse Group upgraded Sysco Corporation (SYY) from a neutral rating to an outperform rating in a research note published on Monday. The brokerage currently has $55.00 target price on the stock. Continue reading here.

Sysco Corporation (SYY) was upgraded by analysts at J P Morgan Chase & Co from a neutral rating to an overweight rating in a research report issued to clients and investors on Tuesday. The firm currently has a $57.00 target price on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 9.97% from the stock’s previous close. Continue reading here.

Caterpillar (CAT) received an upgrade by Barclays PLC from Equal Weight to Overweight. The current consensus rating on Caterpillar (CAT) is Hold (Score: 2.30) with a consensus target price of $85.12 per share. Continue reading here.

Walt Disney Company (The) (DIS) was upgraded by Goldman Sachs Group, Inc. to a buy rating in a research note issued to investors on Tuesday. The brokerage presently has a $134.00 price objective on the entertainment giant’s stock. Goldman Sachs Group, Inc.’s price target suggests a potential upside of 22.94% from the stock’s previous close. Continue reading here.

Morgan Stanley upgraded shares of Walt Disney Company (The) (DIS) from an equal weight rating to an overweight rating in a report released on Wednesday morning. Continue reading here.

Morgan Stanley upgraded shares of Nokia Corporation (NOK) from an equal weight rating to an overweight rating in a research note published on Tuesday. They currently have $4.87 price target on the technology company’s stock, up from their previous price target of $4.75. Continue reading here.

Credit Suisse Group upgraded shares of National Oilwell Varco, Inc. (NOV) from an underperform rating to a neutral rating in a research note issued to investors on Wednesday. They currently have $40.00 price objective on the oil and gas exploration company’s stock. Continue reading here.

Downgrades:


International Paper Company (IP) was downgraded by research analysts at Barclays PLC from an “equal weight” rating to an “underweight” rating in a research note issued on Monday. They presently have a $45.00 price target on the stock, down from their previous price target of $50.00. Barclays PLC’s price target would suggest a potential downside of 13.68% from the company’s previous close. Continue reading here.

Daimler AG (NASDAQ:DDAIF) was downgraded by investment analysts at Citigroup Inc. from a buy rating to a neutral rating in a note issued to investors on Wednesday. Continue reading here.

Gilead Sciences (GILD) was Downgraded by Citigroup to  Neutral. Earlier the firm had a rating of Buy on the company shares. Citigroup advised their Clients and Investors in a research report released on Feb 8, 2017. Continue reading here.

Mondelez International, Inc. (MDLZ) was downgraded by research analysts at Citigroup Inc. from a “positive” rating to a “neutral” rating in a report issued on Wednesday. Continue reading here.

February 9, 2017

4 Reasons Dividend Growth Investing Rules!


There are many investment strategies and styles that investors utilize to fulfill their dreams of financial freedom. Everything works for someone - that is part of the fun!

As a dividend growth investor, there are 4 reasons why I think a dividend growth strategy works for me. These same reasons (or others) may/may not resonate with you.

If one is considering a dividend growth portfolio, picking which companies to build on can be daunting. Here are 4 blue chips with proven records, and remaining potential ahead.

Alternative view points encourage learning for everyone. I encourage fellow dividend growth investors to share the reasons they have found so much satisfaction in their portfolios, and share core stocks.

Investing is one of the most effective ways an individual can alter their future despite any circumstances you were born into. To convert time invested into one's career, job, hobby, etc. (money earned) into passively building wealth can be life changing, and self fulfilling to the highest degree. Part of the fulfillment I feel in this process is the control I can take in it. My affinity for dividend growth investing has taken me on a short - yet fascinating journey thus far with the "Dividend Growth Portfolio To Grow Old With". For those who are not familiar, or are - and haven't considered a dividend growth investing strategy - the following reasons are why I am a dividend growth investor.




February 8, 2017

What Investors Can Expect From Starbucks Corporation in 2017

Slower but still robust growth is in store for the coffee titan.



Starbucks (NASDAQ:SBUX) stock is off to a rocky start in 2017. Shares declined following a first-quarter earnings announcement that raised some big questions about its growth trajectory. Specifically, a customer traffic slowdown could threaten the coffee giant's goal of double-digit revenue gains right as founder Howard Schultz steps away from the Chief Executive role.

With those major risks in mind, here's what investors should look for as Starbucks progresses through its new fiscal year.




February 7, 2017

The Effect Of Rising Interest Rates On Dividend Stocks


On December 14, the Federal Reserve announced that they were hiking the Fed Funds rate by 0.25%. This is the rate that financial institutions lend money to each other overnight and has a trickle-down effect other interest rates in the domestic economy.

This increase is indicative of a larger trend – it comes after an equal-sized interest rate increase in December 2015. Further, the Federal Reserve indicated in the announcement to expect 3 additional hikes over the next twelve months.

If each of the 3 hikes in 2017 will be of the same magnitude, then the year will finish at a 1.5% Fed Funds rate. This presents a dramatic change to our interest rate environment given that short-term rates have been held near zero since December of 2008 to provide economic stimulus.

Investors should make themselves aware of the effects that these rate increases may have on their portfolio, as interest rates have a large effect on the price of real assets.

This article will discuss the effects of rising interest rates on dividend stocks.




February 6, 2017

Top Tech Stocks to Buy in 2017

There are no shortage of investment opportunities in the tech sector, but a few stand out.



Whether investors are in search of growth and income, value, or long-term appreciation, the tech sector has sound alternatives. The digitization of the world around us, including the Internet of Things, the cloud, and multiple touch points driving an unprecedented amount of data has resulted in market opportunities with nearly unlimited potential.

The solutions needed to take advantage of the fast-changing tech marketplace include comprehensive data analytics from the likes of IBM (NYSE:IBM) and powering cloud data centers, a market dominated by underappreciated Intel (NASDAQ:INTC). The cloud is also home to Adobe Systems (NASDAQ:ADBE), which has transformed it into a financially rock-solid business with skyrocketing recurring revenue.



February 5, 2017

Eaton Corporation, PLC (ETN) Downgraded by J P Morgan Chase & Co

Eaton Corporation, PLC (NYSE:ETN) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a research note issued on Friday. They currently have a $70.00 price target on the stock. J P Morgan Chase & Co’s target price would indicate a potential downside of 0.03% from the stock’s previous close.

A number of other brokerages also recently commented on ETN. Avondale Partners assumed coverage on Eaton Corporation, PLC in a research report on Wednesday. They issued a “mkt perform” rating and a $72.00 price objective for the company. RBC Capital Markets set a $67.00 price objective on Eaton Corporation, PLC and gave the company a “hold” rating in a research report on Wednesday, January 4th. Bank of America Corporation raised Eaton Corporation, PLC from a “neutral” rating to a “buy” rating in a research report on Monday, January 9th. Aegis assumed coverage on Eaton Corporation, PLC in a research report on Tuesday, December 6th. They issued a “buy” rating and a $80.00 price objective for the company. Finally, Zacks Investment Research raised Eaton Corporation, PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, December 20th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $66.22.




CVS Health Corporation (CVS) downgraded by Robert W. Baird

Robert W. Baird downgraded shares of CVS Health Corporation (NYSE:CVS) from an outperform rating to a neutral rating in a report issued on Thursday morning. The firm currently has $77.00 target price on the pharmacy operator’s stock, down from their prior target price of $86.00.

Several other equities analysts also recently weighed in on the stock. Vetr upgraded shares of CVS Health Corporation from a hold rating to a buy rating and set a $86.87 target price for the company in a research note on Monday, January 23rd. Guggenheim reiterated a buy rating and issued a $90.00 target price on shares of CVS Health Corporation in a research note on Wednesday, December 28th. Credit Suisse Group reaffirmed a buy rating on shares of CVS Health Corporation in a research note on Monday, December 19th. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of CVS Health Corporation and gave the company a buy rating in a research note on Sunday, December 18th. Finally, Jefferies Group LLC assumed coverage on shares of CVS Health Corporation in a research note on Monday, December 12th. They set a hold rating and a $82.00 price objective for the company. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. CVS Health Corporation has an average rating of Buy and a consensus price target of $100.27.




United Parcel Service, Inc. (UPS) Downgraded by BMO Capital Markets

United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Wednesday. They presently have a $115.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 7.53% from the company’s current price.

UPS has been the topic of several other research reports. Barclays PLC reaffirmed a “hold” rating and issued a $122.00 target price on shares of United Parcel Service in a report on Tuesday, January 10th. Zacks Investment Research raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Vetr downgraded shares of United Parcel Service from a “buy” rating to a “hold” rating and set a $119.82 target price on the stock. in a report on Monday, January 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $116.00 target price on shares of United Parcel Service in a report on Friday, November 25th. Finally, Deutsche Bank AG initiated coverage on shares of United Parcel Service in a report on Wednesday, November 2nd. They issued a “hold” rating and a $117.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. United Parcel Service presently has a consensus rating of “Hold” and a consensus target price of $115.07.




Ventas, Inc. (VTR) Downgraded by BMO Capital Markets

BMO Capital Markets downgraded shares of Ventas, Inc. (NYSE:VTR) from a market perform rating to an underperform rating in a research note released on Tuesday.

VTR has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Ventas from a hold rating to a sell rating in a report on Monday, January 9th. Jefferies Group LLC raised shares of Ventas from a hold rating to a buy rating and lifted their price target for the stock from $65.00 to $75.00 in a research note on Thursday, October 20th. Mizuho cut shares of Ventas from a buy rating to a neutral rating and set a $63.00 price target for the company. in a research note on Monday, November 21st. Finally, Hilliard Lyons raised shares of Ventas from an underperform rating to a neutral rating in a research note on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $62.80.



QUALCOMM Incorporated (QCOM) Downgraded by Morgan Stanley

Morgan Stanley cut shares of QUALCOMM Incorporated (NASDAQ:QCOM) from an overweight rating to an equal weight rating in a report published on Tuesday.

Other analysts also recently issued research reports about the stock. J P Morgan Chase & Co reaffirmed an overweight rating and set a $70.00 price target (up previously from $63.00) on shares of QUALCOMM in a research note on Monday, October 3rd. Cowen and Company reaffirmed an outperform rating and set a $74.00 price target on shares of QUALCOMM in a research note on Monday, November 7th. Susquehanna Bancshares Inc initiated coverage on shares of QUALCOMM in a research note on Tuesday, December 20th. They issued a positive rating and a $80.00 price objective for the company. Vetr downgraded shares of QUALCOMM from a strong-buy rating to a buy rating and set a $73.01 price objective for the company. in a research note on Thursday, December 22nd. Finally, BMO Capital Markets reduced their price objective on shares of QUALCOMM from $70.00 to $67.00 and set a market perform rating for the company in a research note on Thursday, November 3rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $67.82.




Franklin Resources, Inc. (BEN) Downgraded by Deutsche Bank AG

Franklin Resources, Inc. (NYSE:BEN) was downgraded by stock analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating in a report released on Tuesday.

BEN has been the subject of several other research reports. Barclays PLC reissued a “sell” rating and issued a $31.00 price target on shares of Franklin Resources in a research report on Tuesday, October 11th. Zacks Investment Research raised shares of Franklin Resources from a “sell” rating to a “hold” rating in a report on Friday, November 25th. Jefferies Group LLC raised their price objective on shares of Franklin Resources from $34.00 to $36.00 and gave the stock a “hold” rating in a report on Tuesday, October 11th. Credit Suisse Group reaffirmed a “sell” rating on shares of Franklin Resources in a report on Thursday, November 10th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Franklin Resources in a report on Thursday, January 12th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.28.




Teva Pharmaceutical Industries Limited (TEVA) Upgraded by Bank of America Corporation

Bank of America Corporation upgraded shares of Teva Pharmaceutical Industries Limited (NYSE:TEVA) from a neutral rating to a buy rating in a report released on Tuesday morning.

TEVA has been the topic of a number of other research reports. Deutsche Bank AG cut their price objective on shares of Teva Pharmaceutical Industries Limited from $68.00 to $54.00 and set a buy rating on the stock in a report on Wednesday, November 16th. Morgan Stanley cut shares of Teva Pharmaceutical Industries Limited from an overweight rating to an equal weight rating and cut their price objective for the stock from $63.00 to $42.00 in a report on Sunday, December 4th. Jefferies Group LLC reissued a hold rating and set a $36.00 price objective on shares of Teva Pharmaceutical Industries Limited in a report on Monday, January 9th. Royal Bank Of Canada cut their target price on shares of Teva Pharmaceutical Industries Limited from $71.00 to $58.00 and set an outperform rating on the stock in a report on Monday, November 14th. Finally, BTIG Research cut shares of Teva Pharmaceutical Industries Limited from a buy rating to a neutral rating in a report on Sunday, December 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $55.85.




International Business Machines Corporation (IBM) Upgraded by Bank of America Corporation

Bank of America Corporation upgraded shares of International Business Machines Corporation (NYSE:IBM) from a neutral rating to a buy rating in a research note published on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Cantor Fitzgerald set a $162.00 target price on shares of International Business Machines Corporation and gave the company a hold rating in a report on Saturday, October 15th. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of International Business Machines Corporation in a report on Saturday, January 21st. Jefferies Group LLC reaffirmed a sell rating and issued a $125.00 target price on shares of International Business Machines Corporation in a report on Friday, January 20th. Citigroup Inc. reaffirmed a neutral rating on shares of International Business Machines Corporation in a report on Friday, January 20th. Finally, Argus reaffirmed a buy rating and issued a $185.00 target price (up previously from $175.00) on shares of International Business Machines Corporation in a report on Monday, January 23rd. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $162.98.




Air Products and Chemicals, Inc. (APD) Downgrades by Robert W. Baird

Robert W. Baird cut shares of Air Products and Chemicals, Inc. (NYSE:APD) from an outperform rating to a neutral rating in a research note issued to investors on Monday morning. Robert W. Baird currently has $140.00 price objective on the stock, down from their prior price objective of $146.00.

Several other brokerages have also recently commented on APD. Credit Suisse Group began coverage on shares of Air Products and Chemicals in a research report on Monday, October 3rd. They issued an outperform rating on the stock. Monness Crespi & Hardt upgraded Air Products and Chemicals from a neutral rating to a buy rating and set a $167.00 price objective on the stock in a report on Wednesday, December 21st. Jefferies Group LLC restated a neutral rating on shares of Air Products and Chemicals in a report on Monday, January 23rd. Zacks Investment Research upgraded Air Products and Chemicals from a strong sell rating to a hold rating in a report on Monday, December 5th. Finally, Citigroup Inc. upgraded Air Products and Chemicals from a neutral rating to a buy rating and boosted their price objective for the stock from $139.00 to $165.00 in a report on Monday, December 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $153.20.




Walt Disney Company (The) (DIS) Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Walt Disney Company (The) (NYSE:DIS) from an equal weight rating to an overweight rating in a report published on Monday. Morgan Stanley currently has $124.00 price target on the entertainment giant’s stock.

DIS has been the topic of several other research reports. Cowen and Company set a $90.00 price objective on Walt Disney Company (The) and gave the stock a hold rating in a research report on Wednesday, December 7th. Zacks Investment Research lowered Walt Disney Company (The) from a hold rating to a sell rating in a research report on Wednesday, October 19th. RBC Capital Markets upgraded Walt Disney Company (The) from a sector perform rating to an outperform rating and increased their target price for the company from $101.00 to $130.00 in a research report on Thursday, January 5th. Brean Capital reiterated a hold rating on shares of Walt Disney Company (The) in a research report on Thursday, October 27th. Finally, Jefferies Group LLC reiterated a hold rating and set a $92.00 target price on shares of Walt Disney Company (The) in a research report on Wednesday, October 12th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $113.94.