“The Dogs of the Dow,” the 10 stocks in the Dow Jones Index with the highest dividend yield, usually perform better than the rest of the Dow components, so it is worth taking a look at the candidates for Dogs of the Dow 2011. A high dividend yield suggests the stock may be undervalued, providing an opportunity to buy a solid company at a good price. Using a search of Alacra Pulse we have compiled the latest analyst comments on the ten companies likely to make up the 2011 list.
AT&T (T) and Verizon (VZ): Despite concerns over the expected loss of its iPhone exclusivity, most analysts tracked by Alacra Pulse are positive on AT&T. The median price based on the the thirteen most recent targets featured in a November Alacra Pulse Prognosis is $31. Of these 13 analysts, seven have a positive rating and six are neutral. None are negative. Todd Rosenbluth, an analyst with Standard & Poor’s, this week reiterated his “strong buy” rating and $33 price target on AT&T. Analysts are mostly neutral on Verizon, even with an expected boost from the iPhone. Of 13 analysts featured in our November Prognosis, 4 have a positive rating, 8 are neutral and one is negative. The median target price is $34.
Source: Seeking Alpha
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