February 28, 2023

7 Dynamite Dividend Stocks for Income and Growth in 2023


Those looking for reliable income and growth need to look no further 

 



Growth potential and dependable dividends make these dividend stocks worthwhile in 2023.


Many long-term investors appreciate dividend stocks, for many reasons. Companies that pay back a portion of their profits to their shareholders via dividends are generally more reliable. Additionally, dividend stocks provide investors looking for income in retirement with a steady stream of passive income.


Generally, dividends are typically issued by well-established, financially stable companies that are often household names. And the most dependable dividend stocks have long histories of distributing capital to their shareholders. That’s what many such investors focus on.


With the market showing consistent improvement, dividend stocks are likely to provide growth and income in 2023. Investors can choose to reinvest their dividends back into a given stock, or can choose to receive the dividend payments as cash, which can provide a steady stream of income.



Dividend-yielding companies tend to be financially healthy and stable over the long term. They tend to be wise investments anytime, especially in an upward-trending market.


Continue reading …


February 25, 2023

Notable Analyst Upgrades and Downgrades for Week of February 20 2023

 


 

Upgrades:



Wolfe Research upgraded shares of Norfolk Southern (NYSE:NSC) from a peer perform rating to an outperform rating in a research report released on Tuesday morning, MarketBeat reports. They currently have $255.00 price objective on the railroad operator’s stock.

A number of other equities analysts also recently issued reports on NSC. Cowen upped their price target on Norfolk Southern from $256.00 to $259.00 and gave the company an outperform rating in a report on Thursday, January 26th. Morgan Stanley lowered their price target on Norfolk Southern from $178.00 to $177.00 and set an underweight rating for the company in a report on Thursday, October 27th. Deutsche Bank Aktiengesellschaft raised Norfolk Southern from a hold rating to a buy rating and lowered their price target for the company from $273.00 to $266.00 in a report on Thursday, January 26th. Bank of America reduced their price objective on Norfolk Southern from $272.00 to $269.00 and set a buy rating for the company in a research note on Tuesday, February 14th. Finally, Susquehanna Bancshares boosted their price objective on Norfolk Southern from $218.00 to $220.00 in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $250.17. Read more …



Guggenheim upgraded shares of Alliant Energy (NASDAQ:LNT) from a sell rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Guggenheim currently has $52.00 price target on the stock, up from their previous price target of $46.00.

LNT has been the subject of several other research reports. BMO Capital Markets lifted their price objective on Alliant Energy from $53.00 to $55.00 and gave the stock a market perform rating in a report on Wednesday, November 9th. Mizuho downgraded Alliant Energy from a buy rating to a neutral rating and decreased their target price for the stock from $64.00 to $55.00 in a research report on Monday, January 9th. Wells Fargo & Company boosted their price objective on Alliant Energy from $57.00 to $63.00 in a research note on Wednesday, December 14th. Bank of America cut Alliant Energy from a buy rating to a neutral rating and reduced their price objective for the stock from $57.00 to $56.00 in a research note on Wednesday, December 7th. Finally, UBS Group upped their target price on Alliant Energy to $58.00 in a research note on Monday, November 21st. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $59.20. Read more …



Wolfe Research upgraded shares of Merck & Co., Inc. (NYSE:MRK) from a peer perform rating to an outperform rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $127.00 target price on the stock.

MRK has been the topic of a number of other research reports. Cantor Fitzgerald lifted their target price on Merck & Co., Inc. from $120.00 to $135.00 and gave the company an overweight rating in a research report on Monday, December 19th. SVB Leerink lifted their target price on Merck & Co., Inc. from $120.00 to $122.00 and gave the company an outperform rating in a research report on Friday, February 3rd. Mizuho lifted their target price on Merck & Co., Inc. from $100.00 to $130.00 in a research report on Thursday, December 15th. Truist Financial lifted their target price on Merck & Co., Inc. from $106.00 to $118.00 and gave the company a buy rating in a research report on Friday, February 3rd. Finally, Barclays lifted their target price on Merck & Co., Inc. from $110.00 to $128.00 in a research report on Tuesday, December 20th. Four analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $116.33. Read more …




Wolfe Research upgraded shares of Roper Technologies (NYSE:ROP) from a peer perform rating to an outperform rating in a research report report published on Thursday morning, MarketBeat.com reports. The firm currently has $480.00 price objective on the industrial products company’s stock.

Other equities analysts have also recently issued reports about the stock. Barclays lifted their target price on shares of Roper Technologies from $510.00 to $518.00 and gave the company an overweight rating in a report on Monday, January 30th. Wells Fargo & Company lifted their price objective on shares of Roper Technologies from $500.00 to $540.00 and gave the company an overweight rating in a research note on Thursday, October 27th. Royal Bank of Canada increased their target price on shares of Roper Technologies from $504.00 to $505.00 and gave the stock an outperform rating in a research note on Monday, January 30th. Finally, The Goldman Sachs Group boosted their price target on Roper Technologies from $423.00 to $468.00 and gave the company a neutral rating in a research report on Thursday, December 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $495.67. Read more ...



Royal Bank of Canada upgraded shares of W.W. Grainger (NYSE:GWW) from an underperform rating to a sector perform rating in a research note released on Thursday morning, The Fly reports.

Other research analysts have also issued reports about the stock. Robert W. Baird raised their price target on shares of W.W. Grainger from $650.00 to $730.00 in a report on Friday, February 3rd. Oppenheimer raised their target price on W.W. Grainger from $660.00 to $785.00 and gave the company an outperform rating in a research note on Friday, February 3rd. Atlantic Securities downgraded W.W. Grainger from an overweight rating to a neutral rating and set a $630.00 price target on the stock. in a research note on Tuesday, November 15th. Loop Capital raised their price objective on W.W. Grainger from $670.00 to $750.00 and gave the company a buy rating in a research note on Monday, February 13th. Finally, UBS Group upped their target price on W.W. Grainger from $695.00 to $800.00 in a research report on Friday, February 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $666.75. Read more …



LyondellBasell Industries (NYSE:LYB) was upgraded by stock analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating in a research report issued on Friday, The Fly reports.

A number of other research firms have also recently issued reports on LYB. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $85.00 to $100.00 and gave the company a "hold" rating in a report on Monday, February 6th. Barclays lowered LyondellBasell Industries from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $95.00 to $82.00 in a research report on Monday, October 31st. Credit Suisse Group upgraded LyondellBasell Industries from an "underperform" rating to an "outperform" rating and set a $109.00 price objective for the company in a research report on Monday, February 6th. KeyCorp lifted their price objective on LyondellBasell Industries from $83.00 to $85.00 and gave the stock an "underweight" rating in a research report on Monday, February 6th. Finally, UBS Group boosted their target price on LyondellBasell Industries from $81.00 to $91.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $97.47. Read more …



Downgrades:



Wolfe Research cut shares of Eversource Energy (NYSE:ES) from an outperform rating to a peer perform rating in a research note published on Tuesday, MarketBeat reports.

Other analysts have also recently issued reports about the company. UBS Group boosted their price objective on Eversource Energy from $77.00 to $83.00 and gave the company a neutral rating in a research report on Thursday, December 1st. Morgan Stanley increased their price objective on shares of Eversource Energy from $89.00 to $90.00 and gave the company an equal weight rating in a research note on Monday, January 23rd. Evercore ISI upgraded shares of Eversource Energy from an in-line rating to an outperform rating and lifted their target price for the company from $86.00 to $92.00 in a research report on Tuesday, January 24th. Wells Fargo & Company dropped their price target on shares of Eversource Energy from $99.00 to $94.00 and set an overweight rating for the company in a research report on Wednesday, February 15th. Finally, Guggenheim cut their price target on shares of Eversource Energy from $97.00 to $82.00 in a research note on Monday, October 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $88.50. Read more …




Raymond James lowered shares of Cullen/Frost Bankers (NYSE:CFR) from an outperform rating to a market perform rating in a research report released on Tuesday morning, Marketbeat reports.

A number of other research firms also recently commented on CFR. Wolfe Research downgraded Cullen/Frost Bankers from an outperform rating to a peer perform rating in a report on Wednesday, November 2nd. JPMorgan Chase & Co. cut their price objective on shares of Cullen/Frost Bankers from $175.00 to $155.00 and set an overweight rating on the stock in a report on Tuesday, December 13th. Wedbush lowered their target price on shares of Cullen/Frost Bankers from $150.00 to $140.00 and set a neutral rating for the company in a report on Friday, January 27th. DA Davidson started coverage on shares of Cullen/Frost Bankers in a research note on Tuesday, December 20th. They set a buy rating and a $147.00 price target on the stock. Finally, Bank of America upgraded shares of Cullen/Frost Bankers from a neutral rating to a buy rating and set a $155.00 price objective for the company in a research note on Thursday, January 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $148.54. Read more …



AbbVie (NYSE:ABBV) was downgraded by equities research analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating in a report released on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.

ABBV has been the subject of a number of other reports. SVB Securities raised AbbVie from an "underperform" rating to a "market perform" rating and raised their price target for the company from $135.00 to $153.00 in a report on Friday, February 10th. Societe Generale cut AbbVie from a "buy" rating to a "hold" rating and dropped their price target for the company from $155.00 to $140.00 in a report on Tuesday, November 8th. Piper Sandler raised their price target on AbbVie from $157.00 to $163.00 and gave the company an "overweight" rating in a report on Thursday, February 9th. Barclays dropped their price target on AbbVie from $160.00 to $155.00 and set an "equal weight" rating for the company in a report on Monday, October 31st. Finally, Morgan Stanley dropped their price target on AbbVie from $182.00 to $178.00 and set an "overweight" rating for the company in a report on Friday, February 10th. Nine research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, AbbVie currently has an average rating of "Moderate Buy" and an average price target of $161.00. Read more …



KGI Securities downgraded shares of Comcast (NASDAQ:CMCSA) from an outperform rating to a neutral rating in a research report report published on Wednesday, The Fly reports.

Several other equities research analysts have also commented on the stock. Barclays boosted their target price on shares of Comcast from $34.00 to $36.00 and gave the stock an equal weight rating in a research report on Thursday, February 2nd. Wells Fargo & Company upped their price objective on shares of Comcast from $38.00 to $42.00 and gave the company an equal weight rating in a research note on Friday, January 27th. Daiwa Capital Markets decreased their target price on Comcast to $36.00 in a report on Tuesday, November 1st. JPMorgan Chase & Co. boosted their target price on Comcast from $40.00 to $43.00 and gave the stock a neutral rating in a report on Friday, January 27th. Finally, Pivotal Research upped their price target on Comcast from $42.00 to $47.00 and gave the stock a buy rating in a report on Friday, January 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $44.57. Read more …




Domino’s Pizza, Inc. (NYSE:DPZ) hit a new 52-week low during trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $330.00 to $315.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Domino’s Pizza traded as low as $297.00 and last traded at $297.23, with a volume of 2014700 shares traded. The stock had previously closed at $307.86.

DPZ has been the topic of several other reports. Wells Fargo & Company began coverage on Domino’s Pizza in a research note on Monday, January 23rd. They issued an “equal weight” rating and a $360.00 price objective on the stock. Citigroup lowered Domino’s Pizza from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $429.00 to $316.00 in a research note on Friday. Stephens cut their price target on Domino’s Pizza from $335.00 to $300.00 and set an “equal weight” rating on the stock in a research note on Friday. BMO Capital Markets cut their price target on Domino’s Pizza from $430.00 to $380.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Robert W. Baird lowered Domino’s Pizza from an “outperform” rating to a “neutral” rating and cut their price target for the company from $400.00 to $320.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Domino’s Pizza currently has an average rating of “Hold” and a consensus target price of $370.92. Read more …



Archive of Upgrades and Downgrades


February 24, 2023

Dividend Increases: Week 8 (Part 2)

 


 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)



Recently, 32 companies announced dividend increases and one announced a dividend cut. This is the second part of the week’s notifications.



The table below summarises the dividend change announcements. The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.









Old Republic International Corporation (ORI)

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. The company operates through three segments: General Insurance, Title Insurance, and the Republic Financial Indemnity Group Run-off Business. The company was founded in 1923 and is based in Chicago, Illinois.

On February 23, ORI announced a quarterly dividend of $0.245.

This is a 6.5% increase from the prior dividend of $0.23.

Payable March 15 for shareholders of record March 6 ex-div March 3.



Domino's Pizza, Inc. (DPZ)

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza company in the United States and internationally. It operates through three segments: U.S. Stores, International Franchise, and Supply Chain. Domino's Pizza, Inc. was founded in 1960 and is based in Ann Arbor, Michigan.

On February 23, DPZ announced a quarterly dividend of $1.21.

This is a 10.0% increase from the prior dividend of $1.10.

Payable March 30 for shareholders of record March 15 ex-div March 14.



Cogent Communications Holdings, Inc. (CCOI)

Cogent Communications Holdings, Inc., through its subsidiaries, provides high-speed Internet access, private network, and data center colocation space services in North America, Europe, Asia, South America, Australia, and Africa. Cogent Communications Holdings, Inc. was founded in 1999 and is headquartered in Washington, the District of Columbia.

On February 23, CCOI announced a quarterly dividend of $0.925.

This is a 1.1% increase from the prior dividend of $0.915.

Payable March 24 for shareholders of record March 10 ex-div March 9.



United Bancorp, Inc. (UBCP)

United Bancorp, Inc. operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. It accepts demand, savings, and time deposits, as well as grants commercial, commercial and residential real estate, and consumer loans. United Bancorp, Inc. was founded in 1902 and is headquartered in Martins Ferry, Ohio.

On February 23, UBCP announced a quarterly dividend of $0.1625.

This is a 3.2% increase from the prior dividend of $0.1575.

Payable March 20 for shareholders of record March 10 ex-div March 9.



Eaton Corporation plc (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company’s Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.

On February 23, ETN announced a quarterly dividend of $0.86.

This is a 6.2% increase from the prior dividend of $0.81.

Payable March 24 for shareholders of record March 6 ex-div March 3.





C&F Financial Corporation (CFFI)

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank that provides banking services to individuals and businesses. The company’s Retail Banking offers various banking services, including checking and savings deposit accounts, as well as business, real estate, development, mortgage, home equity, and installment loans. C&F Financial Corporation was founded in 1927 and is headquartered in West Point, Virginia.

On February 23, CFFI announced a quarterly dividend of $0.44.

This is a 4.8% increase from the prior dividend of $0.42.

Payable April 1 for shareholders of record March 15 ex-div March 14.



Universal Display Corporation (OLED)

Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.

On February 23, OLED announced a quarterly dividend of $0.35.

This is a 16.7% increase from the prior dividend of $0.30.

Payable March 31 for shareholders of record March 17 ex-div March 16.



Capital City Bank Group, Inc. (CCBG)

Capital City Bank Group, Inc. operates as the financial holding company for Capital City Bank that provides a range of banking and banking-related services to individual and corporate clients. The company offers financing for commercial business properties, equipment, inventories, and accounts receivable, as well as commercial leasing and letters of credit; treasury management services; and merchant credit card transaction processing services. The company was founded in 1895 and is headquartered in Tallahassee, Florida.

On February 23, CCBG announced a quarterly dividend of $0.18.

This is a 5.9% increase from the prior dividend of $0.17.

Payable March 20 for shareholders of record March 6 ex-div March 3.



Cohen & Steers, Inc. (CNS)

Cohen & Steers, Inc. is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries. Cohen & Steers, Inc. was founded in 1986 and is based in New York, with additional offices in London, United Kingdom; Central, Hong Kong; Tokyo, Japan; and Seattle, Washington.

On February 23, CNS announced a quarterly dividend of $0.57.

This is a 3.6% increase from the prior dividend of $0.55.

Payable March 16 for shareholders of record March 6 ex-div March 3.



Essex Property Trust, Inc. (ESS)

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development.

On February 23, ESS announced a quarterly dividend of $2.31.

This is a 5.0% increase from the prior dividend of $2.20.

Payable April 14 for shareholders of record March 31 ex-div March 30.





Globe Life Inc. (GL)

Globe Life Inc., through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. The company operates through four segments: Life Insurance, Supplemental Health Insurance, Annuities, and Investments. Globe Life Inc. was incorporated in 1979 and is headquartered in McKinney, Texas.

On February 23, GL announced a quarterly dividend of $0.225.

This is an 8.4% increase from the prior dividend of $0.2075.

Payable May 1 for shareholders of record April 3 ex-div March 31.



Albemarle Corporation (ALB)

Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. Albemarle Corporation was founded in 1887 and is headquartered in Charlotte, North Carolina.

On February 23, ALB announced a quarterly dividend of $0.40.

This is a 1.3% increase from the prior dividend of $0.395.

Payable April 3 for shareholders of record March 17 ex-div March 16.



L3Harris Technologies, Inc. (LHX)

L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company’s Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

On February 24, LXH announced a quarterly dividend of $1.14.

This is a 1.8% increase from the prior dividend of $1.12.

Payable March 24 for shareholders of record March 10 ex-div March 9.



Prologis, Inc. (PLD)

Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 984 million square feet (91 million square meters) in 19 countries.

On February 24, PLD announced a quarterly dividend of $0.87.

This is a 10.1% increase from the prior dividend of $0.79.

Payable March 31 for shareholders of record March 17 ex-div March 16.



BWX Technologies, Inc. (BWXT)

BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.

On February 24, BWXT announced a quarterly dividend of $0.23.

This is a 4.5% increase from the prior dividend of $0.22.

Payable March 28 for shareholders of record March 10 ex-div March 9.





Northrim BanCorp, Inc. (NRIM)

Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals. It operates in two segments, Community Banking and Home Mortgage Lending. Northrim BanCorp, Inc. was founded in 1990 and is headquartered in Anchorage, Alaska.

On February 24, NRIM announced a quarterly dividend of $0.60.

This is a 20.0% increase from the prior dividend of $0.50.

Payable March 17 for shareholders of record March 9 ex-div March 8.



Archive of Dividend Increases




Dividend Increases: Week 8 (Part 1)

 


 

In this article, I will go through the weekly dividend increases and cuts in popular and well-known stocks. (Member of The Dividend Champions or Canadian All-Star list)



Recently, 32 companies announced dividend increases and one announced a dividend cut. This is the first part of the week’s notifications.



The table below summarises the dividend change announcements. The table shows the current dividend, the new dividend and the percentage increase (%). Dividends are shown on an annual basis and in US dollars unless otherwise stated. Yield is the new dividend yield of the most recent price, and Years is the years of consecutive dividend increases.









AMERISAFE, Inc. (AMSF)

AMERISAFE, Inc., an insurance holding company, underwrites workers’ compensation insurance in the United States. The company’s workers’ compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. The company was incorporated in 1985 and is based in DeRidder, Louisiana.

On February 20, AMSF announced a quarterly dividend of $0.34.

This is a 9.7% increase from the prior dividend of $0.31.

Payable March 24 for shareholders of record March 10 ex-div March 9.



The Home Depot, Inc. (HD)

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia.

On February 21, HD announced a quarterly dividend of $2.09.

This is a 10.0% increase from the prior dividend of $1.90.

Payable March 23 for shareholders of record March 9 ex-div March 8.



Walker & Dunlop, Inc. (WD)

Walker & Dunlop, Inc., through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans. Walker & Dunlop, Inc. was founded in 1937 and is headquartered in Bethesda, Maryland.

On February 21, WD announced a quarterly dividend of $0.63.

This is a 5.0% increase from the prior dividend of $0.60.

Payable March 23 for shareholders of record March 8 ex-div March 7.



Walmart Inc. (WMT)

Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company was founded in 1945 and is based in Bentonville, Arkansas.

On February 21, WMT announced a quarterly dividend of $0.7.

This is a 1.8% increase from the prior dividend of $0.56.

Payable April 3 for shareholders of record March 17 ex-div March 16.



Perrigo Company plc (PRGO)

Perrigo Company plc provides over-the-counter (OTC) health and wellness solutions that enhance individual well-being by empowering consumers to prevent or treat conditions that can be self-managed. The company operates through two segments, Consumer Self-Care Americas and Consumer Self-Care International. Perrigo Company plc was founded in 1887 and is headquartered in Dublin, Ireland.

On February 21, PRGO announced a quarterly dividend of $0.273.

This is a 5.0% increase from the prior dividend of $0.26.

Payable March 23 for shareholders of record March 10 ex-div March 9.





Alerus Financial Corporation (ALRS)

Alerus Financial Corporation, through its subsidiary, Alerus Financial, National Association, provides various financial services to businesses and consumers. The company operates in four segments: Banking, Retirement and Benefit Services, Wealth Management, and Mortgage. Alerus Financial Corporation was founded in 1879 and is headquartered in Grand Forks, North Dakota.

On February 21, ALRS announced a quarterly dividend of $0.18.

This is a 5.0% increase from the prior dividend of $0.16.

Payable April 14 for shareholders of record March 15 ex-div March 14.



Diamondback Energy, Inc. (FANG)

Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback Energy, Inc. was founded in 2007 and is headquartered in Midland, Texas.

On February 21, FANG announced a quarterly dividend of $0.80.

This is a 6.7% increase from the prior dividend of $0.75.

Payable March 10 for shareholders of record March 3 ex-div March 2.



Silgan Holdings Inc. (SLGN)

Silgan Holdings Inc., together with its subsidiaries, manufactures and sells rigid packaging for consumer goods products in North America, Europe, and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. Silgan Holdings Inc. was founded in 1987 and is headquartered in Stamford, Connecticut.

On February 21, SLGN announced a quarterly dividend of $0.18.

This is a 12.5% increase from the prior dividend of $0.16.

Payable March 31 for shareholders of record March 17 ex-div March 16.



Genuine Parts Company (GPC)

Genuine Parts Company distributes automotive replacement parts, and industrial parts and materials. It operates through Automotive Parts Group and Industrial Parts Group segments. The company was incorporated in 1928 and is headquartered in Atlanta, Georgia.

On February 21, GPC announced a quarterly dividend of $0.95.

This is a 6.1% increase from the prior dividend of $0.895.

Payable April 3 for shareholders of record March 3 ex-div March 2.



Evans Bancorp, Inc. (EVBN)

Evans Bancorp, Inc. primarily operates as the financial holding company for Evans Bank, N.A. that provides a range of banking products and services to consumer and commercial customers in Western New York and the Finger Lakes Region of New York State. It operates in two segments, Banking Activities and Insurance Agency Activities. Evans Bancorp, Inc. was founded in 1920 and is headquartered in Williamsville, New York.

On February 22, EVBN announced a semi-annual dividend of $0.66.

This is a 3.1% increase from the prior dividend of $0.64.

Payable April 4 for shareholders of record March 10 ex-div March 9.





Intel Corporation (INTC)

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments. The company was incorporated in 1968 and is headquartered in Santa Clara, California.

On February 22, INTC announced a quarterly dividend of $0.125.

This is a 65.8% decrease from the prior dividend of $0.365.

Payable June 1 for shareholders of record May 7 ex-div May 4.



Assured Guaranty Ltd. (AGO)

Assured Guaranty Ltd., through its subsidiaries, provides credit protection products to public finance, infrastructure, and structured finance markets in the United States and internationally. The company operates in two segments, Insurance and Asset Management. Assured Guaranty Ltd. was incorporated in 2003 and is headquartered in Hamilton, Bermuda.

On February 22, AGO announced a quarterly dividend of $0.28.

This is a 12.0% increase from the prior dividend of $0.25.

Payable March 22 for shareholders of record March 8 ex-div March 7.



M&T Bank Corporation (MTB)

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The company’s Business Banking segment offers deposit, lending, cash management, and other financial services to small businesses and professionals. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

On February 22, MTB announced a quarterly dividend of $1.30.

This is an 8.3% increase from the prior dividend of $1.20.

Payable March 31 for shareholders of record March 6 ex-div March 3.



McGrath RentCorp (MGRC)

McGrath RentCorp operates as a business to business rental company in the United States and internationally. It rents and sells relocatable modular buildings, portable storage containers, electronic test equipment and related accessories, and liquid and solid containment tanks and boxes. The company operates through four segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. The company was incorporated in 1979 and is headquartered in Livermore, California.

On February 22, MGRC announced a quarterly dividend of $0.465.

This is a 2.2% increase from the prior dividend of $0.455.

Payable April 28 for shareholders of record April 14 ex-div April 13.



Danaher Corporation (DHR)

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The company operates through three segments: Life Sciences, Diagnostics, and Environmental & Applied Solutions. Danaher Corporation was founded in 1969 and is headquartered in Washington, the District of Columbia.

On February 22, DHR announced a quarterly dividend of $0.27.

This is an 8.0% increase from the prior dividend of $0.25.

Payable April 28 for shareholders of record March 31 ex-div March 30.





Thermo Fisher Scientific Inc. (TMO)

Thermo Fisher Scientific Inc. offers life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and service worldwide. The company’s Life Sciences Solutions segment offers reagents, instruments, and consumables for biological and medical research, discovery, and production of drugs and vaccines, as well as diagnosis of infections and diseases to pharmaceutical, biotechnology, agricultural, clinical, healthcare, academic, and government markets. The company was incorporated in 1956 and is based in Waltham, Massachusetts.

On February 22, TMO announced a quarterly dividend of $0.35.

This is a 16.7% increase from the prior dividend of $0.30.

Payable April 14 for shareholders of record March 15 ex-div March 14.



Xcel Energy Inc. (XEL)

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

On February 22, XEL announced a quarterly dividend of $0.52.

This is a 6.7% increase from the prior dividend of $0.4875.

Payable April 20 for shareholders of record March 15 ex-div March 14.



Archive of Dividend Increases




February 23, 2023

The 9 Best Consumer Staples Stocks to Buy


In an uncertain market, the best consumer staples stocks provide consistency and stability to portfolios.





Consumer staples stocks are a traditional safe haven from uncertainty, which has already proven to be more than abundant over the past 12 months.


The S&P 500 closed 2022 with a total loss of about 18% on the year, its worst annual return since the financial crisis of 2008. Those declines, coupled with stubbornly high inflation, a rising interest-rate environment and uncertainty over the potential for a bigger slowdown in the U.S. economy has many investors seeking out safety.


And one area of the market to find consistency and stability is the consumer staples sector. After all, companies that sell detergent or shampoo or packaged foods will still do a brisk business even if broader spending trends decline.



With that in mind, here are nine of the best consumer staples stocks to buy now. All have something different to offer, and many also pay generous dividends on top of the potential for share appreciation.


Continue reading …


February 20, 2023

The 7 Most Undervalued Dividend Aristocrats to Buy


Load up on the highest-esteemed enterprises in 2023



These undervalued dividend aristocrats also enjoy Wall Street’s support.


If there’s anything better than having at least some exposure to passive income-providing enterprises, it’s loading the boat on the most undervalued dividend aristocrats to buy. Per Investopedia, dividend aristocrats are stocks of companies that have raised their dividends for at least 25 consecutive years.” Several of these enterprises have raised them for far longer, providing confidence for investors.


Fundamentally, the most undervalued dividend aristocrats may come in hand this year due to lingering uncertainties. While speculation about a gradual return to normal lift equities for the year so far, questions started to pop up. In particular, a robust labor market implies that the Federal Reserve may still need to raise rates significantly.



Plus, we have geopolitical tensions rising throughout the world, sending jitters into the financial system. While the most undervalued dividend aristocrats don’t provide perfect mitigation, they offer significant insulation. Below are seven ideas with analyst support to consider.


Continue reading …


February 18, 2023

Notable Analyst Upgrades and Downgrades for Week of February 13 2023

 


 

Upgrades:



Deutsche Bank Aktiengesellschaft upgraded shares of Masco (NYSE:MAS) from a sell rating to a hold rating in a research note published on Monday morning, The Fly reports. They currently have $56.00 price objective on the construction company’s stock, up from their previous price objective of $43.00.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group cut their target price on Masco to $57.00 in a research report on Monday, November 21st. Truist Financial cut their price objective on Masco from $70.00 to $60.00 in a research report on Thursday, October 27th. StockNews.com downgraded Masco from a buy rating to a hold rating in a research report on Wednesday, January 11th. Barclays upped their price objective on Masco from $58.00 to $61.00 in a research report on Wednesday, December 14th. Finally, BMO Capital Markets cut their price objective on Masco from $60.00 to $55.00 and set a market perform rating on the stock in a research report on Thursday, October 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $57.64. Read more …



Argus upgraded shares of Sonoco Products (NYSE:SON) from a hold rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. Argus currently has $67.00 price target on the industrial products company’s stock. The analysts noted that the move was a valuation call.

A number of other brokerages also recently weighed in on SON. Wells Fargo & Company lowered their target price on shares of Sonoco Products from $67.00 to $64.00 and set an equal weight rating on the stock in a report on Wednesday, November 2nd. BMO Capital Markets downgraded shares of Sonoco Products from a market perform rating to an underperform rating and lowered their target price for the stock from $65.00 to $58.00 in a report on Sunday, October 30th. StockNews.com downgraded shares of Sonoco Products from a buy rating to a hold rating in a report on Wednesday, February 8th. Citigroup upped their price objective on shares of Sonoco Products from $70.00 to $71.00 in a report on Wednesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Sonoco Products from $65.00 to $61.00 in a report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $65.83. Read more …



Royal Bank of Canada upgraded shares of Ecolab (NYSE:ECL) from a sector perform rating to an outperform rating in a report issued on Wednesday, MarketBeat reports. Royal Bank of Canada currently has $185.00 price target on the basic materials company’s stock, up from their previous price target of $155.00.

ECL has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut shares of Ecolab from a buy rating to a hold rating and dropped their target price for the stock from $165.00 to $135.00 in a report on Wednesday, November 2nd. Citigroup increased their target price on shares of Ecolab from $146.00 to $164.00 and gave the stock a neutral rating in a report on Thursday, December 15th. BMO Capital Markets dropped their target price on shares of Ecolab from $169.00 to $143.00 and set a market perform rating on the stock in a report on Thursday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of Ecolab from $175.00 to $180.00 in a report on Friday, December 9th. Finally, Credit Suisse Group dropped their target price on shares of Ecolab from $175.00 to $170.00 and set an outperform rating on the stock in a report on Monday, November 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $173.00. Read more …




Piper Sandler upgraded shares of U.S. Bancorp (NYSE:USB) from a neutral rating to an overweight rating in a report issued on Wednesday morning, Marketbeat reports. The brokerage currently has $57.00 target price on the financial services provider’s stock, up from their prior target price of $53.00.

A number of other research analysts also recently weighed in on USB. JPMorgan Chase & Co. increased their target price on U.S. Bancorp from $46.00 to $47.00 in a report on Wednesday, November 2nd. Oppenheimer raised their price objective on U.S. Bancorp from $74.00 to $77.00 and gave the stock an outperform rating in a research note on Thursday, February 2nd. StockNews.com cut U.S. Bancorp from a hold rating to a sell rating in a research report on Thursday, January 26th. DA Davidson began coverage on U.S. Bancorp in a research report on Tuesday, December 20th. They set a neutral rating and a $47.00 target price for the company. Finally, Keefe, Bruyette & Woods upgraded U.S. Bancorp from a market perform rating to an outperform rating and increased their target price for the stock from $52.00 to $58.00 in a research report on Monday, December 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of $55.06. Read more ...



Restaurant Brands International (TSE:QSR) (NYSE:QSR) was upgraded by KeyCorp from a “sector perform” rating to an “outperform” rating in a research report issued on Thursday, BayStreet.CA reports. KeyCorp also issued estimates for Restaurant Brands International’s Q2 2023 earnings at $1.02 EPS, Q1 2024 earnings at $0.99 EPS, Q2 2024 earnings at $1.15 EPS, Q3 2024 earnings at $1.22 EPS, Q4 2024 earnings at $1.13 EPS and FY2024 earnings at $4.49 EPS.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reduced their price target on Restaurant Brands International from C$83.00 to C$81.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays boosted their price target on Restaurant Brands International from C$65.00 to C$68.00 in a research note on Friday, November 4th. Cfra boosted their price target on Restaurant Brands International from C$90.00 to C$93.00 in a research note on Wednesday. Finally, Oppenheimer reaffirmed a “buy” rating and set a C$81.00 target price on shares of Restaurant Brands International in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$70.43. Read more …



Scotts Miracle-Gro (NYSE:SMG) was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, The Fly reports. The firm currently has a $100.00 target price on the basic materials company’s stock, up from their prior target price of $75.00. Wells Fargo & Company‘s target price suggests a potential upside of 16.33% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Stifel Nicolaus decreased their target price on Scotts Miracle-Gro from $75.00 to $48.00 in a research report on Thursday, October 27th. JPMorgan Chase & Co. lifted their price objective on Scotts Miracle-Gro from $45.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Barclays lifted their price objective on Scotts Miracle-Gro from $75.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, January 31st. Raymond James lifted their price objective on Scotts Miracle-Gro from $56.00 to $92.00 and gave the company a “strong-buy” rating in a report on Thursday, February 2nd. Finally, Truist Financial lifted their price objective on Scotts Miracle-Gro from $50.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, February 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.86. Read more …




Cisco Systems (NASDAQ:CSCO) was upgraded by DZ Bank from a "hold" rating to a "buy" rating in a research report issued on Friday, Briefing.com reports. The firm currently has a $58.00 price objective on the network equipment provider's stock. DZ Bank's target price indicates a potential upside of 13.75% from the stock's previous close.

Several other research analysts have also commented on the company. Bank of America reissued a "buy" rating and issued a $52.00 price target on shares of Cisco Systems in a research report on Wednesday, November 16th. Rosenblatt Securities cut their price objective on shares of Cisco Systems from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Thursday, November 17th. Morgan Stanley increased their target price on shares of Cisco Systems from $52.00 to $55.00 in a research report on Thursday. StockNews.com raised shares of Cisco Systems from a "buy" rating to a "strong-buy" rating in a report on Monday. Finally, Wells Fargo & Company increased their price objective on Cisco Systems from $52.00 to $57.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $55.05. Read more ...



Downgrades:



Robert W. Baird cut shares of Caterpillar (NYSE:CAT) from an outperform rating to a neutral rating in a research report sent to investors on Monday, The Fly reports. They currently have $230.00 price target on the industrial products company’s stock, down from their previous price target of $290.00.

A number of other equities research analysts have also recently weighed in on the company. Citigroup upped their price target on Caterpillar to $250.00 in a report on Wednesday, December 14th. Morgan Stanley upped their target price on Caterpillar from $174.00 to $190.00 and gave the company an underweight rating in a research note on Wednesday, December 14th. Daiwa Capital Markets upped their target price on Caterpillar to $205.00 in a research note on Tuesday, November 1st. Cowen upped their target price on Caterpillar from $240.00 to $264.00 in a research note on Friday, December 9th. Finally, Bank of America raised Caterpillar from a neutral rating to a buy rating and upped their target price for the company from $217.00 to $295.00 in a research note on Friday, January 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Caterpillar has an average rating of Hold and a consensus target price of $242.33. Read more …



Argus lowered shares of Church & Dwight (NYSE:CHD) from a buy rating to a hold rating in a report released on Monday, The Fly reports.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada cut their price target on Church & Dwight from $85.00 to $83.00 and set a sector perform rating for the company in a report on Tuesday, January 31st. StockNews.com downgraded Church & Dwight from a hold rating to a sell rating in a report on Monday, February 6th. TheStreet downgraded Church & Dwight from a b rating to a c rating in a report on Friday, February 3rd. Credit Suisse Group raised Church & Dwight from a neutral rating to an outperform rating and raised their price target for the company from $85.00 to $95.00 in a report on Tuesday, January 17th. Finally, Wells Fargo & Company increased their price objective on Church & Dwight from $82.00 to $90.00 and gave the stock an overweight rating in a research report on Tuesday, January 3rd. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $88.00. Read more …




Argus cut shares of Emerson Electric (NYSE:EMR) from a buy rating to a hold rating in a research note released on Tuesday, MarketBeat.com reports.

A number of other research firms have also weighed in on EMR. StockNews.com lowered shares of Emerson Electric from a buy rating to a hold rating in a research note on Tuesday. Citigroup upped their price objective on shares of Emerson Electric from $99.00 to $109.00 and gave the stock a buy rating in a research note on Friday, December 9th. Morgan Stanley increased their price target on shares of Emerson Electric from $92.00 to $93.00 and gave the company an equal weight rating in a research report on Tuesday, February 7th. Mizuho increased their price target on shares of Emerson Electric from $86.00 to $103.00 and gave the company a neutral rating in a research report on Wednesday, November 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Emerson Electric from $94.00 to $93.00 and set a hold rating for the company in a research report on Thursday, February 9th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Emerson Electric presently has a consensus rating of Hold and an average price target of $98.15. Read more …



NVIDIA (NASDAQ:NVDA) was downgraded by stock analysts at DZ Bank from a “buy” rating to a “sell” rating in a note issued to investors on Thursday, Marketbeat reports. They currently have a $195.00 target price on the computer hardware maker’s stock. DZ Bank’s target price suggests a potential downside of 8.83% from the stock’s current price.

Several other research firms have also recently commented on NVDA. Stifel Nicolaus boosted their price target on shares of NVIDIA from $165.00 to $175.00 and gave the stock a “hold” rating in a report on Thursday, November 17th. StockNews.com cut NVIDIA from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. KeyCorp lowered their price objective on NVIDIA from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. Truist Financial raised their price objective on shares of NVIDIA from $198.00 to $238.00 and gave the stock a “buy” rating in a report on Monday, January 23rd. Finally, Susquehanna Bancshares lifted their target price on shares of NVIDIA from $180.00 to $185.00 and gave the company a “positive” rating in a report on Thursday, November 17th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Moderate Buy” and a consensus price target of $212.72. Read more …



C.H. Robinson Worldwide (NASDAQ:CHRW) was downgraded by JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a report released on Friday, The Fly reports. They presently have a $87.00 price objective on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 16.13% from the company's current price.

A number of other research analysts also recently commented on CHRW. BNP Paribas assumed coverage on C.H. Robinson Worldwide in a research report on Wednesday, November 30th. They set an "outperform" rating and a $128.00 target price for the company. Credit Suisse Group decreased their price target on C.H. Robinson Worldwide from $97.00 to $93.00 and set an "underperform" rating on the stock in a report on Wednesday, January 4th. Sanford C. Bernstein decreased their price target on C.H. Robinson Worldwide from $110.00 to $92.00 and set a "market perform" rating on the stock in a report on Thursday, February 2nd. Bank of America lowered C.H. Robinson Worldwide from a "neutral" rating to an "underperform" rating and decreased their price target for the company from $95.00 to $88.00 in a report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on C.H. Robinson Worldwide from $107.00 to $100.00 in a report on Friday, February 3rd. Seven research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $98.81. Read more …



Archive of Upgrades and Downgrades