Tag: based-on-friday

Marathon Oil’s Target Boosted at Goldman Sachs (MRO)

Integrated oil and natural gas producer Marathon Oil Corporation ( MRO ) on Monday saw its price target upped by analysts at Goldman Sachs. The firm said it raised its target on MRO from $51 to $58, which implies a 27% upside to the stock’s Friday closing price of $46.48. Goldman also reiterated its “Buy” rating on the stock, saying that “Based on our updated E&P valuation analysis, we continue to see Marathon as an inexpensive means to gain exposure to our constructive outlook for Mid-Continent refining margins.” Marathon Oil shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Marathon Oil ( MRO ) since Jan.26, 2011, when the stock was trading at $43.55. The company has a 2.15% dividend yield, based on Friday’s closing stock price of $ 46.48. Marathon Oil Corporation ( MRO ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Kraft Foods’ Estimates Cut at Credit Suisse on Cost Concerns (KFT)

Filed in dividend, earnings, EPS, Gold Bullion prices, o, outperform, shares, target by on January 31, 2011 0 Comments

Packaged foods maker Kraft Foods Inc. ( KFT ) on Monday saw its earnings estimates lowered through 2012 by analysts at Credit Suisse. The firm said it cut its 2011 and 2012 EPS estimates for KFT to $2.23 and $2.45, respectively. Credit Suisse cited rising costs for the move, as many food sellers have been feeling the crunch. Still, the analyst maintained its “Outperform” rating and $35 price target on KFT, which implies a 15% upside to the stock’s Friday closing price of $30.53. Kraft Foods shares were mostly flat in premarket trading Monday. The Bottom Line We have been recommending shares of Kraft Foods ( KFT ) since May 5, 2009, when the stock was trading at $24.26. The company has a 3.80% dividend yield, based on Friday’s closing stock price of $30.53. Kraft Foods Inc. ( KFT ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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MetLife and PNC Both Upgraded at Citigroup (MET, PNC)

Insurance provider MetLife, Inc. ( MET ) and regional banker PNC Financial Services ( PNC ) both caught some positive sentiment on Monday from analysts at Citigroup. The firm said it boosted its price target on MET to $54, which implies a 17% upside to the stock’s Friday closing price of $46.21. Citi also maintained its “Buy” rating on MET and raised its earnings estimates, citing high expected return on equity. Meanwhile, the analyst said it raised its earnings estimates for PNC through 2012, citing the company’s strong capital position and improving credit trends. Citi maintained its “Hold” rating on PNC and introduced a new $70 price target, which implies a 15% upside to the stock’s Friday closing price of $60.83. MetLife and PNC shares were both mostly flat in premarket trading Monday. The Bottom Line Shares of Metlife ( MET ) have a 1.60% dividend yield, based on Friday’s closing stock price of $46.21. Shares of PNC Financial ( PNC ) have a .66% dividend yield, based on last night’s closing stock price of $60.83. MetLife, Inc. ( MET ) and PNC Financial Services ( PNC ) are both currently rated “Neutral,” holding Dividend.com DARS™ Ratingsof 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Merck’s Price Target Cut at Barclays Capital (MRK)

Filed in barclays, Barclays Capital, dividend, Gold Investing, o, revenue, shares, target by on January 24, 2011 0 Comments

Health care giant Merck & Co., Inc. ( MRK ) on Monday saw its price target lowered by analysts at Barclays Capital. The firm said it cut its target for MRK from $43 to $41. That new target still implies a potential 21% upside to the stock’s Friday closing price of $33.90. Barclays also maintained its “Overweight” rating on Merck, but noted the company’s products to be released in 2011 and 2012 won’t add significant revenue upside. Merck shares rose 18 cents, or +0.5%, in premarket trading Monday. The Bottom Line Shares of Merck ( MRK ) have a 4.48% dividend yield, based on Friday’s closing stock price of $33.90. The stock has technical support in the $30-32 price area. If the shares can firm up, we see overhead resistance around the $37 price level. Merck & Co., Inc. ( MRK ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Susquehanna Maintains “Positive” View of Bank of America (BAC)

Filed in bank of america, dividend, Gold Investing, Gold Investment, o, shares by on January 24, 2011 0 Comments

Banking giant Bank of America Corporation ( BAC ) on Monday saw its “Positive” rating reiterated by analysts at Susquehanna. The firm noted it still expects BAC to “reap the benefits in 2011 and 2102 of the $10 billion ï¿¿investmentï¿¿ it made in 2011 in mortgage repurchase settlement costs and litigation expenses, as well as lower loan loss provisions.” Susquehanna also said it anticipates fee income and credit costs will be resolved positively, possibly aiding the company’s bottom line in 2011 and 2012. Bank of America shares were mostly flat in premarket trading Monday. The Bottom Line Shares of Bank of America ( BAC ) have a .28% dividend yield, based on Friday’s closing stock price of $14.25. The stock has technical support in the $11-$12 price area. If the shares can firm up, we see overhead resistance around the $15-$16 price levels. Bank of America Corporation ( BAC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Novartis to Buy Cancer Diagnostic Specialist Genoptix for $470 Million (NVS)

Filed in dividend, Gold, Gold Bullion prices, o, shares by on January 24, 2011 0 Comments

Swiss healthcare products maker Novartis AG ( NVS ) on Monday said it would buy U.S.-based cancer diagnostic specialist Genoptix ( GXDX ) for $470 million in cash. The $25 per-share asking price represents a healthy 27% premium over Genoptix’ Friday closing price of $19.76. Genoptix said its board of directors is recommending current shareholders accept the offer. The move comes about six weeks after Novartis acquired the remaining stake in eye care company Alcon for $12.9 billion . Novartis shares rose 27 cents, or +0.5%, in premarket trading Monday. The Bottom Line Shares of Novartis ( NVS ) have a 3.03% dividend yield, based on Friday’s closing stock price of $56.42. The stock has technical support in the $52-$54 price area. If the shares can firm up, we see overhead resistance around the $60 price level. Novartis AG ( NVS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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McDonald’s Q4 Profit Rises 2%, Matching View (MCD)

Filed in dividend, Gold Bullion prices, o, revenue, shares by on January 24, 2011 0 Comments

Fast food king McDonald’s Corporation ( MCD ) on Monday said its fourth quarter profit rose 2% from last year, meeting analyst expectations. The Oak Brook, IL-based company reported fourth quarter net income of $1.24 billion, or $1.16 per share, compared with $1.22 billion, or $1.11 per share, in the year-ago period. Revenue rose 4% from last year to $6.2 billion. On average, Wall Street analysts expected a matching profit of $1.16 per share, on matching revenue of $6.2 billion. McDonald’s shares fell $1.21, or -1.6%, in premarket trading Monday. The Bottom Line We have been recommending shares of McDonald’s ( MCD ) since Aug.12, 2009, when the stock was trading at $56.02. The company has a 3.25% dividend yield, based on Friday’s closing stock price of $75.01. McDonald’s Corporation ( MCD ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.6 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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PPG Industries Added to Goldman’s “Conviction Buy” List (PPG)

Filed in dividend, Gold, Gold Investing, goldman sachs, o, shares, target, upgrade by on January 10, 2011 0 Comments

Paints and coating maker PPG Industries, Inc. ( PPG ) on Monday saw its shares added to Goldman Sachs’ prestigious “Conviction Buy” List. The firm said it upgraded PPG from “Neutral” to “Conviction Buy,” while boosting its price target from $85 to $103. That new target implies a 25% upside to the stock’s Friday closing price of $82.32. A Goldman Sachs analyst cited strong end-markets and pricing power for the positive move. PPG Industries shares rose 56 cents, or +0.7%, in premarket trading Monday. The Bottom Line We have been recommending shares of PPG Industries ( PPG ) since Oct.21, 2010, when the stock was trading at $77.46. The company has a 2.67% dividend yield, based on Friday’s closing stock price of $82.32. PPG Industries, Inc. ( PPG ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Wal-Mart Upgraded to “Buy” at Goldman Sachs (WMT)

Filed in dividend, Gold, Gold Investment, goldman sachs, o, shares, target, upgrade, wal-mart by on January 10, 2011 0 Comments

Retail giant Wal-Mart Stores, Inc. ( WMT ) on Monday saw its rating and price target boosted by anlaysts at Goldman Sachs. The firm said it upgraded WMT from “Neutral” to “Buy” with a $60 price target, which implies an 11% upside from the stock’s Friday closing price of $54.08. Goldman noted it is now switching its investment focus to mid-tier retailers and brands in mid-cycle. Wal-Mart shares fell 54 cents, or -1%, in premarket trading Monday. The Bottom Line Shares of Wal-Mart Stores ( WMT ) have a 2.24% dividend yield, based on Friday’s closing stock price of $54.08. The stock has technical support in the $50-$52 price area. If the shares can firm up, we see overhead resistance around the $56 price levels. Wal-Mart Stores, Inc. ( WMT ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Duke Energy, Progress Energy Announce $13.7 Billion Merger (DUK, PGN)

Filed in dividend, Gold Bullion prices, o, shares by on January 10, 2011 0 Comments

Electric and gas utility companies Duke Energy Corporation ( DUK ) and Progress Energy, Inc. ( PGN ) on Monday announced a definitive merger agreement via a stock-for-stock transaction. In pursuant to the agreement, Progress Energy shareholders will receive 2.6125 shares of Duke Energy stock for each share of Progress they own. Based on Progress Energy’s Friday closing price of $46.48, the total equity value of the transaction will be around $13.7 billion. Duke Energy shares fell 34 cents, or 1.9%, while Progress shares fell 74 cents, or -1.7%, in premarket trading Monday. The Bottom Line We have been recommending shares of Duke Energy ( DUK ) since Dec.1, 2009, when the stock was trading at $16.68. The company has a 5.51% dividend yield, based on Friday’s closing stock price of $17.79. We have been recommending shares of Progress Energy ( PGN ) since Dec.10, 2009, when the stock was trading at $41.18. The company has a 5.55% dividend yield, based on Friday’s closing stock price of $44.72. Duke Energy Corporation ( DUK ) and Progress Energy, Inc. ( PGN ) are both “Recommended” dividend stocks, holding Dividend.com DARS™ Ratings of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Clorox Shares Tumble as it Releases Tepid Guidance (CLX)

Filed in dividend, earnings, EPS, Gold Investment, o, shares by on January 3, 2011 0 Comments

Cleaning products maker The Clorox Company ( CLX ) on Monday released cautious preliminary second quarter results and cut its sales outlook for 2011, sending its shares reeling in premarket trading. The firm said it expects second quarter sales to fall 3% to 4%, with earnings per share, excluding items, of 57 to 63 cents. The company also said it sees full-year 2011 sales flat to up 1% from last year. Clorox also noted that “In its fiscal second quarter, the company will record an estimated after-tax, noncash goodwill impairment charge of $250 million to $255 million or about $1.78 to $1.82 diluted EPS related to its Burt’s Bees business. There will be no tax benefit associated with this noncash charge.” Clorox shares fell $1.88, or -3%, in premarket trading Monday. The Bottom Line We have been recommending shares of Clorox ( CLX ) since July 30, 2009, when the stock was trading at $60.26. The company has a 3.48% dividend yield, based on Friday’s closing stock price of $63.28. The Clorox Company ( CLX ) is a “Recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Boeing Upgraded to “Overweight” at JPMorgan (BA)

Filed in boeing, dividend, Gold Investment, o, shares, target, upgrade by on January 3, 2011 0 Comments

Aircraft maker The Boeing Company ( BA ) on Monday caught an upgrade from analysts at JPMorgan. The firm said it boosted its rating on BA to Overweight, citing expectations for continued improvement in core commercial airline profits. JPMorgan currently has an $83 price target set on BA, which represents an expected 27% upside to the stock’s Friday closing price of $65.26. Boeing shares rose $1.01, or +1.6%, in premarket trading Monday. The Bottom Line Shares of Boeing ( BA ) have a 2.57% dividend yield, based on Friday’s closing stock price of $65.26. The stock has technical support in the $60 price area. If the shares can firm up, we see overhead resistance around the $70-$71 price levels. The Boeing Company ( BA ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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