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Before Friday’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.
Exxon Mobil Lowered to “Underperform”
Exxon Mobil Corporation (XOM ) has been downgraded to “Underperform” at Credit Suisse on a valuation call. According to the firm, XOM’s share price is not yet factoring in lower oil prices. The firm has an $82 price target on XOM, suggesting a 12% decline. XOM has a dividend yield of 2.97%.
Chevron Cut to “Neutral”
Chevron Corporation (CVX ) has been downgraded at Credit Suisse to “Neutral” as the the Australian LNG deal is already priced into its share price. The firm has a $115 price target on CVX, suggesting a 5% increase. CVX has a dividend yield of 3.93%.
Goldman Lowers Estimates on Verizon
Goldman Sachs has lowered its estimates on Verizon Communications Inc. (VZ) due to the increased competition in the wireless industry. The firm has also cut its price target on VZ to $47. VZ has a dividend yield of 4.60%.
Credit Suisse Raises Estimates on Union Pacific
Credit Suisse has raised its price target on Union Pacific Corporation (UNP ) to $136, suggesting a 13% upside. The firm has also lifted estimates on UNP as the company has strong pricing power. UNP has a dividend yield of 1.67%.
Nomura Boosts Estimates on Travelers Companies Inc
Nomura has raised its estimates on Travelers Companies Inc (TRV ) as the company is buying back more stock. The firm has also raised its price target on TRV to $106. TRV has a dividend yield of 2.03%.
Jefferies Lowers Estimates on Capital One
Jefferies has lowered its price target on Capital One Financial Corp. (COF ) to $84. This new price target suggests a 10% upside from the stock’s current price. The firm has also cut its estimates on COF as the company is seeing higher expenses. COF has a dividend yield of 1.57%.
Discover Added to FBR’s Top Picks List
FBR Capital Markets has added Discover Financial Services (DFS ) to its Top Picks list. According to analysts, the stock’s recent pullback has created an attractive entry point. DFS has a dividend yield of 1.67%
Goldman Downgrades U.S. Steel
Goldman Sachs has lowered its rating on United States Steel Corporation (X ) from “Buy” to “Neutral” and has given the company a $23 price target. X has a dividend yield of 0.88%.
Jefferies Raises Estimates on FactSet
Jefferies has boosted its price target on FactSet Research Systems Inc. (FDS) to $164, suggesting a 15% upside from the stock’s current price. The firm has also raised estimates on FDS as the company is gaining market share. FDS has a dividend yield of 1.09%.
Avon Products Downgraded at Wells
Avon Products, Inc. (AVP) has been cut to “Market Perform” at Wells Fargo on a valuation call. AVP has a dividend yield of 2.77%.