Before Wednesday’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.
Two Firms Upgrade Intel
RBC Capital has raised its rating on Intel Corporation (INTC ) from “Sector Perform” to “Outperform” as analysts believe that the bearish sentiment is already priced into the stock.
Wedbush has upgraded Intel from “Neutral” to “Outperform” due to its new 2015 guidance. INTC has a dividend yield of 3.05%.
Barclays Cuts Price Target on Wells Fargo
Barclays has lowered its price target on Wells Fargo (WFC ) to $62. This new price targets suggests a 15% upside from the stock’s current price. The firm has also cut estimates on WFC due to lower expected net interest margin. WFC has a dividend yield of 2.58%.
Credit Suisse Raises Estimates on Fastenal
Credit Suisse has boosted estimates on Fastenal Company (FAST ) through 2016 as the company is realizing higher margins and cutting costs. FAST has a dividend yield of 2.68%.
Credit Suisse Raises Estimates on J B Hunt
Credit Suisse has boosted its price target J B Hunt (JBHT ) to $99. The firm has also raised estimates on JBHT as the company is realizing higher margins. JBHT has a dividend yield of 0.91%.
