Friday Analyst Moves: Chevron Corporation, Exxon Mobil Corporation, Cisco Systems, Inc., More (CVX, XOM, CSCO, More)

Friday Analyst Moves: Chevron Corporation, Exxon Mobil Corporation, Cisco Systems, Inc., More (CVX, XOM, CSCO, More)


Before Friday’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.

Anadarko Downgraded at JPMorgan

Anadarko Petroleum (APC) was downgraded to “Underweight” from “Equalweight” at JPMorgan due to lingering uncertainty over the lost Tronox decision affecting the company’s performance. APC has a yield of 0.86%.

RBC Initiates Chevron at “Sector Perform”

Chevron Corp (CVX) was started as “Sector Perform” at RBC Capital with a $120 price target. The price target suggests that Chevron’s stock will stay relatively flat. RBC believes that Chevron as above average production growth, but large negative free cash flow. CVX has a yield of 3.31%.

Cowen Upgrades U.S. Steel

U.S. Steel (X) was upgraded to “Outperform” from “Market Perform” by Cowen due to the company seeing higher future demand for its product thanks to the recovering economies in Europe and the U.S. X has a yield of 0.75%.

Exxon Rated “Outperform” at RBC

RBC Capital has started Exxon Mobil (XOM) at “Outperform” and has given the company a price target of $105. The PT suggests a 10% upside to the stock’s current price. RBC believes that XOM is a market leader. XOM has a yield of 2.64%.

Sterne Agee Cuts Cisco’s Numbers

Following Cisco System’s (CSCO) lowered estimates yesterday, Sterne Agee has cut its estimates on the company and now sees that company’s shares hitting $25. This PT suggests an upside of 22% to CSCO’s current stock price. CSCO has a yield of 3.32%.

Merck’s Numbers Lowered at BMO

BMO Capital cut its estimates through 2015 for Merck (MRK), as BMO believes that MRK will see lower sales of its Januvia drug. BMO currently has an “Outperform” rating for Merck and a $54 price target, suggesting a 12% upside to the stock’s current price. MRK has a yield of 3.64%.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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