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Before Monday’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.
Walt Disney Cut to “Neutral”
Walt Disney (DIS) has been downgraded from “Buy” to “Neutral” by BTIG on a valuation call, as the stock is already trading at 17x 2017 earnings estimates. DIS has a dividend yield of 1.08%.
Jefferies Lowers Price Target on Hewlett-Packard
Jefferies has cut its price target on Hewlett-Packard (HPQ ) to $37, suggesting a 15% upside from the stock’s current price. The firm has also lowered estimates on HPQ due to lower PC demand. HPQ has a dividend yield of 1.97%.
Du Pont Downgraded at BofA/Merrill
Du Pont (DD ) has been cut to “Neutral” at Bank of America/Merrill Lynch as the company is facing currency and agriculture demand headwinds. The firm has a $76 price target on AA, suggesting a 5% decline from its current price. AA has a dividend yield of 2.34%.
Credit Suisse Lowers Estimates on Nike
Credit Suisse has lowered its price target on Nike (NKE ) to $99, suggesting a 3% increase. The firm has also cut estimates on Nike due to currency headwinds. NKE has a dividend yield of 1.17%.
AmerisourceBergen Boosted to “Buy”
AmerisourceBergen (ABC ) has been upgraded to “Buy” at UBS as the company has the best leverage to the U.S. biosimilar market. The firm has a $118 price target on ABC, suggesting an 11% upside from the stock’s current price. ABC has a dividend yield of 1.09%.
Topeka Capital Raises Estimates on Skyworks Solutions
Topeka Capital has boosted its price target on Skyworks Solutions (SWKS ) to $105. This new price target suggests a 12% upside from the stock’s current price. The firm has also raised estimates on SWKS due to the latest smart phone trends. SWKS has a dividend yield of 0.56%.
Garmin Cut to “Perform”
Garmin (GRMN ) has been downgraded to “Perform” at Oppenheimer as the company is lacking near-term catalysts. GRMN has a dividend yield of 4.25%.
Seagate Technology Upgraded to “Strong Buy”
Seagate Technology (STX ) has been boosted from “Buy” to “Strong Buy” at Needham. STX has a dividend yield of 4.02%.
Wynn Resorts Downgraded at Morgan Stanley
Wynn Resorts (WYNN) has been cut to “Equal-weight” at Morgan Stanley as its Macau resort market is expected to remain weak. WYNN has a dividend yield of 4.72%.