Analysts at Macquarie on Wednesday downgraded three big defense sector stocks.
1. L-3 Communications (LLL) - Downgraded to "Underperform" from "Neutral." Shares rose slightly in premarket trading Wednesday.
2. Lockheed Martin (LMT) - Downgraded two notches, to "Underperform" from "Outperform." Shares were off nearly 1% in Wednesday premarket activity.
3. Raytheon (RTN) - Downgraded to "Neutral" from "Outperform." Shares fell 0.9% in premarket trading Wednesday.
The Bottom Line
Shares of LLL have a dividend yield of 1.70%, based on last night's closing stock price of $82.14. Shares of LMT have a dividend yield of 3.24%, based on last night's closing stock price of $77.66. Shares of RTN have a dividend yield of 2.37%, based on last night's closing stock price of $52.36.
None of the dividend stocks mentioned in this article are recommended at this time.
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