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.
Broadcom Upgraded at Drexel
Broadcom Corporation (BRCM
) has been upgraded from “Hold” to “Buy” at Drexel Hamilton due its plan to seek strategic alternatives for its cellular baseband business. The firm has a $45 price target on BRCM, suggesting a 25% upside from Tuesday’s closing price of $35.88. BRCM has a dividend yield of 1.34%.
Coach Downgraded to “Neutral̶
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