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.
Barclays Cuts Price Target on Oracle
Barclays has cut its price target on Oracle (ORCL ) to $49. This new price target suggests a 15% upside from the stock’s current price. The firm has also lowered estimates on ORCL due to currency headwinds. ORCL has a dividend yield of 1.13%
Morgan Stanley Raises Estimates on Foot Locker
Morgan Stanley has boosted its price target on Foot Locker (FL ) to $64.50. This new price target suggests an 8% upside from the stock’s current price. The firm has also raised estimates on FL as the company is expected to sustain recent sales momentum. FL has a dividend yield of 1.68%.
Raymond James Lowers Price Target on Joy Global
Raymond James has cut its price target on Joy Global (JOY ) to $44.50, suggesting a 14% increase from the stock’s current price. The firm has also lowered estimates on JOY due to its weaker guidance and lower energy prices. JOY has a dividend yield of 2.05%.
D.R. Horton Upgraded at JMP Securities
D.R. Horton (DHI ) has been upgraded from “Market Perform” to “Outperform” at JMP Securities on a valuation call. DHI has a dividend yield of 0.96%.