Before Tuesday’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.
RBC Capital Boosts Estimates on Apple
RBC Capital has raised estimates on Apple (AAPL ) through 2016 due to higher iPhone demand. The firm now has a $142 price target on AAPL, suggesting a 13% upside from the stock’s current price. AAPL has a dividend yield of 1.49%.
JMP Securities Starts Coverage on IAC/InterActiveCorp
JMP Securities has initiated coverage on IAC/InterActiveCorp (IACI ) with an “Outperform” rating and an $80 price target. According to the firm, dating assets should help drive growth in the near-term. IACI has a dividend yield of 2.03%.
RR Donnelley Upgraded to “Buy”
RR Donnelley (RRD ) has been boosted from “Hold” to “Buy” at Benchmark. RRD has a dividend yield of 5.52%.
Reliance Steel & Aluminum Upgraded At Credit Suisse
Credit Suisse has boosted its rating on Reliance Steel & Aluminum (RS ) from “Neutral” to “Outperform” due to the company’s strong earnings quality. RS has a dividend yield of 2.63%.