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.
Cantor Fitzgerald Raises PT on Cisco Systems
Cantor Fitzgerald has boosted its price target on Cisco Systems (CSCO ) to $33, suggesting a 22% upside. The firm has also raised estimates on CSCO as management continues to execute. CSCO has a dividend yield of 2.82%.
Jefferies Boosts PT on Lowe’s Companies
Jefferies has raised its price target on Lowe’s Companies (LOW ) to $69, suggesting a 3% dip from the stock’s current price. The firm has also raised estimates on LOW following positive industry field checks. LOW has a dividend yield of 1.29%.
Prudential Financial Downgraded at RBC Capital Markets
Prudential Financial (PRU ) was downgraded from “Outperform” to “Sector Perform” at RBC Capital Markets. The firm has an $88 price target on PRU, suggesting an 11% upside. PRU has a dividend yield of 2.93%.
Jefferies Raises PT on Whole Foods Market
Jefferies raised its price target on Whole Foods Market (WFM ) to $56, suggesting a 4% upside. The firm also increased estimates on WFM as sales initiatives are boosting margins. WFM has a dividend yield of 0.97%.
NetApp Cut to “Hold”
NetApp (NTAP ) has been downgraded from “Buy” to “Hold” at Brean Capital as the company is seeing lower branded revenue growth. NTAP has a dividend yield of 1.66%.
Cheesecake Factory Downgraded at Sterne Agee
Cheesecake Factory (CAKE ) has been cut to “Neutral” at Sterne Agee. The firm has also lowered estimates on CAKE due to higher expected wage costs. CAKE has a dividend yield of 1.24%.
