Dividend Increases Week 21

 

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, 16 companies announced dividend increases. Note that no dividend cuts or suspensions were announced during this period.

Notable Analyst Upgrades and Downgrades for Week of July 9, 2018

Upgrades:

Archer Daniels Midland (NYSE:ADM) was upgraded by stock analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report released on Monday, MarketBeat.com reports. The brokerage presently has a $48.00 price target on the stock, up from their previous price target of $42.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 0.13% from the stock’s current price. Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Goldman Sachs Group upgraded shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and raised their price objective for the company from $43.30 to $50.00 in a report on Monday, March 12th. Citigroup raised their price objective on shares of Archer Daniels Midland from $53.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, May 2nd. Finally, Monness Crespi & Hardt upgraded shares of Archer Daniels Midland from a “sell” rating to a “neutral” rating in a report on Wednesday, May 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $45.92. Read more …

Canadian National Railway (NYSE:CNI) (TSE:CNR) was upgraded by equities researchers at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, The Fly reports. CNI has been the subject of a number of other research reports. Stifel Nicolaus began coverage on Canadian National Railway in a report on Thursday, May 24th. They issued a “hold” rating and a $84.00 price target for the company. Zacks Investment Research raised Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 1st. Macquarie cut Canadian National Railway from an “outperform” rating to a “neutral” rating in a report on Thursday, May 17th. They noted that the move was a valuation call. Cowen upped their price target on Canadian National Railway from $86.00 to $87.00 and gave the stock an “outperform” rating in a report on Tuesday, April 24th. Finally, Deutsche Bank raised Canadian National Railway from a “sell” rating to a “hold” rating and set a $81.00 price target for the company in a report on Thursday, May 24th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.98. Read more …

Raymond James upgraded shares of Canadian Pacific Railway (TSE:CP) (NYSE:CP) from an outperform rating to a strong-buy rating in a report issued on Monday. They currently have C$275.00 price target on the stock, up from their previous price target of C$260.00. Other equities research analysts have also recently issued research reports about the stock. Desjardins lowered their target price on shares of Canadian Pacific Railway from C$254.00 to C$253.00 in a report on Monday, April 16th. BMO Capital Markets boosted their target price on shares of Canadian Pacific Railway from C$254.00 to C$265.00 in a report on Thursday, June 28th. National Bank Financial boosted their target price on shares of Canadian Pacific Railway from C$250.00 to C$260.00 and gave the company a sector perform rating in a report on Thursday, June 21st. CIBC boosted their target price on shares of Canadian Pacific Railway from C$263.00 to C$270.00 in a report on Thursday, April 19th. Finally, Royal Bank of Canada boosted their target price on shares of Canadian Pacific Railway from C$256.00 to C$258.00 and gave the company an outperform rating in a report on Thursday, April 19th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Canadian Pacific Railway presently has an average rating of Buy and an average price target of C$259.25. Read more …

Cummins (NYSE:CMI) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report released on Tuesday, Marketbeat reports. The firm currently has a $160.00 price objective on the stock, down from their previous price objective of $174.00. Stifel Nicolaus’ price objective points to a potential upside of 19.32% from the company’s previous close. CMI has been the subject of several other reports. Buckingham Research downgraded shares of Cummins from a “buy” rating to a “neutral” rating and set a $195.00 price target for the company. in a research note on Wednesday, May 2nd. Bank of America downgraded shares of Cummins from a “buy” rating to a “neutral” rating and set a $154.00 price target for the company. in a research note on Thursday, May 3rd. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their price target on shares of Cummins from $176.00 to $164.00 and set a “neutral” rating for the company in a research note on Tuesday, April 10th. Mizuho began coverage on shares of Cummins in a research note on Friday, June 29th. They issued a “neutral” rating and a $150.00 price target for the company. Finally, TheStreet raised shares of Cummins from a “c+” rating to a “b” rating in a research note on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and five have given a buy rating to the stock. Cummins currently has a consensus rating of “Hold” and a consensus target price of $167.52. Read more …