Before Tuesday’s opening bell, a number of big name dividend stocks were the subject of analyst moves. Below, we highlight the most important analyst commentary for investors.
American Express Company Cut to “Underperform”
American Express Company (AXP ) has been downgraded to “Underperform” at Oppenheimer as the company is facing structural growth headwinds. AXP has a dividend yield of 1.31%.
Deutsche Bank Boosts Price Target on Viacom
Deutsche Bank has raised its price target on Viacom (VIAB ) to $85, suggesting a 23% upside. The firm has also boosted estimates on VIAB, as the company is cutting costs. VIAB has a dividend yield of 1.92%.
Jefferies Raises Estimates on Intercontinental Exchange
Jefferies has boosted its price target on Intercontinental Exchange (ICE ) to $260, suggesting a 13% upside from the stock’s current price. The firm has also raised estimates on ICE due to higher energy trading. ICE has a dividend yield of 1.13%.
Wedbush Cuts Estimates on Harley-Davidson
Wedbush has lowered estimates on Harley-Davidson (HOG ) due to weather and currency issues. The firm has also cut its price target on HOG to $76, suggesting a 23% upside from the stock’s current price. HOG has a dividend yield of 2.01%.
Alon USA Energy Downgraded at Credit Suisse
Alon USA Energy (ALJ) has been cut from “Outperform” at Credit Suisse on a valuation call. ALJ has a dividend yield of 2.44%.
