Before Thursday’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.
Piper Jaffray Cuts Estimates on Oracle
Piper Jaffray has lowered estimates on Oracle (ORCL ) through 2016 as the company is being hurt by the stronger dollar. The firm has an “Overweight” rating and a $49 price target on ORCL. ORCL has a dividend yield of 1.16%
Hewlett-Packard Downgraded at Barclays
Hewlett-Packard (HPQ ) has been cut to “Equal-weight” at Barclays as the company continues to be negatively impacted by the stronger dollar. HPQ has a dividend yield of 1.96%.
Barclays Raises Price Target on FactSet Research Systems
Barclays has raised its price target on FactSet Research Systems (FDS ) to $150, suggesting that the stock will remain flat at its current price. The firm has also boosted estimates on FDS due to higher tax credits. FDS has a dividend yield of 1.03%.
Plantronics Cut to “Neutral”
Plantronics (PLT ) has been downgraded to “Neutral” at JP Morgan on a valuation call. PLT has a dividend yield of 1.11%.