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Analyst Moves: IBM, Bristol-Myers Squibb, Halliburton, More (IBM, BMY, HAL, More)

Shauna O'Brien Apr 21, 2015


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.


JP Morgan Boosts Price Target on IBM

JP Morgan has raised its price target on International Business Machines (IBM ) to $177. This new price target suggests a 6% upside from the stock’s current price. The firm has also raised estimates on IBM, due to higher Mainframe sales. IBM has a dividend yield of 2.65%.

Morgan Stanley Raises Estimates on Bristol-Myers Squibb

Bristol-Myers Squibb (BMY ) has been upgraded from “Equal Weight” to “Overweight” at Morgan Stanley. The firm has also boosted estimates on BMY due to the early success of Opdivo. BMY has a dividend yield of 2.25%.

Sterne Agee Raises Price Target on Halliburton

Sterne Agee has boosted its price target on Halliburton (HAL ) to $56, suggesting a 16% upside from the stock’s current price. The firm has also raised estimates on HAL as the company is operating well during the downturn. HAL has a dividend yield of 1.50%.

Paychex Upgraded at JP Morgan

Paychex (PAYX ) has been raised from “Neutral” to “Underweight” at JP Morgan. PAYX has a dividend yield of 3.10%.

BMO Capital Boosts Estimates on Hasbro

BMO Capital has raised estimates on Hasbro (HAS ) through 2016 as the company is seeing stronger product demand. HAS has a dividend yield of 2.48%.

Keybanc Starts Coverage on Clorox

Keybanc has started coverage on Clorox (CLX ) with a “Sector Weight” rating as the company lacks near-term catalysts. CLX has a dividend yield of 2.73%.

Cantor Starts Coverage on Gap

Cantor Fitzgerald has started coverage on Gap Inc (GPS ) with a “Hold” rating and a $47 price target. GPS has a dividend yield of 2.27%.

Mattel Downgraded to “Sell”

Mattel (MAT ) has been cut to “Sell” at Argus as sales are declining and inventory is increasing. MAT has a dividend yield of 5.58%.

Cantor Initiates Coverage on Coach

Cantor Fitzgerald has started coverage on Coach (COH ) with a “Sell” rating and a $32 price target. According to analysts, COH’s EBITDA estimates are risky. COH has a dividend yield of 3.17%.

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