Before Monday’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.
Jefferies Lowers PT on IBM
Jefferies cut its price target on International Business Machines Corp. (IBM ) to $130 (suggesting a 19% decline). The firm has also lowered estimates on the company as it is hurt by the stronger dollar. IBM has a dividend yield of 2.77%.
Morgan Stanley Cut to “Market Perform”
Morgan Stanley (MS ) has been downgraded from “Outperform” to “Market Perform” at JMP Securities on a valuation call. MS has a dividend yield of 1.08%.
Alcoa Upgraded to “Buy”
Alcoa Inc (AA ) has been upgraded from “Neutral” to “Buy” at Nomura as downstream growth is accelerating. The firm has a $23 price target on AA, suggesting a 43% upside from the stock’s current price. AA has a dividend yield of 0.74%.
Schlumberger Downgraded at Goldman Sachs
Goldman Sachs has lowered its rating on Schlumberger Limited (SLB ) from “Buy” to “Neutral” due to its weak 2015 estimates. The firm has a $76 price target on SLB, suggesting a 6% decline. SLB has a dividend yield of 1.97%.
ADT Corp Downgraded at Morgan Stanley
ADT Corp (ADT ) has been cut to “Underweight” at Morgan Stanley on a valuation call. ADT has a dividend yield of 2.32%..
Kellogg Company Cut to “Neutral”
Kellogg Company (K ) was downgraded to “Neutral” at Citigroup as the company is expected to lose market share and faces currency risks. K has a dividend yield of 2.95%
Ingersoll-Rand Upgraded at Morgan Stanley
Morgan Stanley has boosted its rating on Ingersoll-Rand (IR ) from “Equal-Weight” to “Overweight” as the company should see better end market demand and lower input costs. IR has a dividend yield of 1.62%.
Joy Global Downgraded at RBC Capital
Joy Global Inc. (JOY) has been cut to “Sector Perform” at RBC Capital as the company is expected to see lower mining demand. The firm has a $52 price target, suggesting an 18% upside. JOY has a dividend yield of 1.81%.
D.R. Horton Upgraded at Keybanc
Keybanc has boosted its rating on D.R. Horton, Inc. (DHI ) from “Hold” to “Buy” as lower home prices are expected to increase average growth. DHI has a dividend yield of 0.96%.
C.H. Robinson Worldwide Upgraded to “Overweight”
C.H. Robinson Worldwide, Inc. (CHRW ) was upgraded to “Overweight” at Barclays as the company should benefit from continued improvement in trucking fundamentals. CHRW has a dividend yield of 2.11%.
Las Vegas Sands Corp. Numbers Cut At Sterne Agee
Sterne Agee has lowered its price target on Las Vegas Sands Corp. (LVS ) to $70 (suggesting a 27% upside). The firm has also reduced estimates on the company due to weaker results in Macau. LVS has a dividend yield of 3.63%.
Chesapeake Energy Boosted to “Buy”
Chesapeake Energy Corporation (CHK ) has been upgraded from “Neutral” to “Buy” at Goldman Sachs as the company can use lower the the lower price environment to find acquisitions. CHK has a dividend yield of 1.91%.
Danaher Downgraded at Morgan Stanley
Morgan Stanley has downgraded Danaher Corporation (DHR ) to “Equal-Weight” on a valuation call. The firm has an $88 price target on DHR, suggesting a 3% upside. DHR has a dividend yield of 0.47%.
Credit Suisse Lowers PT on Dover
Credit Suisse has lowered its price target on Dover Corp (DOV ) to $85. This new price target suggests a 21% upside from the stock’s current price. The firm has also cut estimates on DOV as the company is facing energy and currency headwinds. DOV has a dividend yield of 2.30%.
