4 Dividend Stocks To Stop Buying

The market saw far less valuation based downgrades last week than in previous weeks. Only 4 dividend stocks with a dividend yield of 2% or more received downgrades from analysts. No dividend payers were downgraded to a sell rating which has been a common theme. Most analysts believe that the long term story for these stocks is still in tact but the company they have downgraded has either seen a dramatic rise in stock price or faces short term hurdles. We have listed the reason for each downgrade and the new price target when it was made available. CA Inc. (CA) CA Inc. was downgraded by RBC Capital Markets from Outperform to Sector Perform on March 20th but RBC raised its price target from $27 to $28 per share. CA was recently trading at $27.35 and is up over 35% in 2012. RBC said the downgrade was based on valuation.... Read more