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.
Cowen Raises Price Target on Apple
Cowen has raised its price target on Apple (AAPL ) from $115 to $135. This new price target suggest a 7% upside from the stock’s current price. AAPL has a dividend yield of 1.49%.
Jefferies Raises Price Target on Pfizer
Jefferies has boosted its price target on Pfizer (PFE ) to $45. This new price target suggests a 32% upside from the stock’s current price. The firm has also raised estimates on PFE as the company is expected to continue making acquisitions. PFE has a dividend yield of 3.27%.
Darden Restaurants Downgraded at Telsey Advisory
Darden Restaurants (DRI ) has been been upgraded from “Market Perform” to “Outperform” at Telsey Advisory. The firm has also raised estimates on DRI, as the company is cutting costs. DRI has a dividend yield of 3.30%
Carnival Corp Downgraded at Deutsche Bank
Carnival Corp (CCL) has been cut to “Hold” at Deutsche Bank as the company is facing material currency risks. The firm has a $51 price target on CCL, suggesting a 10% upside. CCL has a dividend yield of 2.13%.
EMC Corporation Downgraded to “Neutral”
EMC Corporation (EMC) has been cut to “Neutral” at Piper Jaffray as the company is facing increased competition. EMC has a dividend yield of 1.72%.
NetApp Downgraded at Piper Jaffray
NetApp (NTAP ) as been cut to “Neutral” at Piper Jaffray. The firm has also lowered estimates on NTAP, as the company is facing increased competition. NTAP has a dividend yield of 1.77%.
NVIDIA Cut to “Sell”
NVIDIA (NVDA ) has been cut to “Sell” at Goldman Sachs as the company is seeing slower core demand, and is faced with a licencing risk. NVDA has a dividend yield of 1.45%.
