Before Tuesday’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.
Two Firms Upgrade Apple
- Citigroup has boosted its price target on Apple (AAPL ) to $145, suggesting a 14% upside. The upgrade was due to the Apple Watch price being higher than expected.
- Nomura increased its price target on Apple to $129, suggesting a 1.5% upside.
AAPL has a dividend yield of 1.48%.
BMO Capital Raises Estimates on QUALCOMM
BMO Capital has boosted its price target on QUALCOMM (QCOM ) to $85, suggesting an 18% upside. The firm has also raised estimates on QCOM, as the company is buying back more shares. QCOM has a dividend yield of 2.31%.
Citi Boosts Price Target on General Motors
Citigroup has raised its price target on General Motors (GM ) to $50, suggesting a 32% upside. The firm noted that the upgrade is due to GM buying back more stock. GM has a dividend yield of 3.19%.
Alcoa Numbers Cut At BMO Capital
BMO Capital has lowered its estimates on Alcoa (AA ) through 2016 as the RTI acquisition may hurt earnings. The firm has a $17 price target on AA, suggesting a 24% upside. AA has a dividend yield of 0.88%.