Dividend Investing Ideas Center
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Shauna O'Brien Mar 18, 2015
Before Wednesday’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.
Wells Fargo Maintains “Market Perform” Rating on Apple
Wells Fargo has maintained a “Market Perform” rating on Apple (AAPL ) with a valuation range of $120 to $130. The firm noted that this rating is based on its first look at the Apple TV. AAPL has a dividend yield of 1.48%.
Morgan Stanley Cuts Estimates on Microsoft
Morgan Stanley has lowered its price target on Microsoft (MSFT ) to $46. This new price target suggests a 10% upside from the stock’s current price. The firm has also cut estimates on MSFT as the company is facing currency issues. MSFT has a dividend yield of 2.97%.
Barclays Lowers Price Target on Oracle
Barclays has cut its price target on Oracle (ORCL ) to $48. This new price target suggests a 12% upside from the stock’s current price. The firm has also lowered estimates on ORCL, as the company is facing currency pressures. ORCL has a dividend yield of 1.12%.
Canaccord Genuity Lowers Price Target on Nike
Canaccord Genuity has lowered its price target on Nike (NKE ) to $93. This new price target suggests a 3% decline from the stock’s current price. The firm has also reduced estimates on Nike, due to continued currency issues. NKE has a dividend yield of 1.16%.
Citi Lowers Numbers on Texas Instruments
Citigroup has raised estimates on Texas Instruments (TXN ) as higher semiconductor demand is expected. The firm now has a $66 price target on TXN, suggesting a 14% upside from the stock’s current price. TXN has a dividend yield of 2.35%.
St. Jude Medical Downgraded at Wells Fargo
St. Jude Medical Liquid error: internal has been cut to “Market Perform” at Wells Fargo as the company is facing increased competition in its core business. STJ has a dividend yield of 1.77%.