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.
BMO Capital Cuts Price Target on SYSCO
BMO Capital has lowered its price target on SYSCO (SYY ) to $37. The firm has also lowered estimates on SYY due to higher costs and commodity exposure. SYY has a dividend yield of 3.27%.
Goldman Cuts Estimates on Best Buy
Goldman Sachs has lowered its price target on Best Buy (BBY ) to $40. The firm has also cut estimates on BBY due to softer industry trends. BBY has a dividend yield of 2.58%.
Eaton Corp Upgraded to “Overweight”
Eaton Corp (ETN ) has been upgraded from “Neutral” to “Overweight” at JP Morgan as non-residential construction is expected to drive growth. ETN has a dividend yield of 3.11%.
Eastman Chemical Company Upgraded at JP Morgan
Eastman Chemical Company (EMN ) has been boosted to “Overweight” at JP Morgan. The firm has also raised estimates on EMN due to lower commodity costs. EMN has a dividend yield of 2.03%.
Avery Dennison Upgraded to “Overweight”
Avery Dennison (AVY ) has been upgraded to “Overweight” at JP Morgan as the company is expected to benefit from low commodity prices. AVY has a dividend yield of 2.61%.