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Analyst Moves for May 26: MRVL, LB, NTAP, REG

Before Tuesday’s opening bell, a number of big-name dividend stocks were the subject of analyst upgrades and downgrades. Below, we highlight the moves investors need to know.

1. Morgan Stanley Upgrades Marvell

Morgan Stanley upgraded Marvell (MRVL ) from Equalweight to Overweight with a price target of $17.50—up from $15.00.

Shares of Marvell closed at $13.14 before the holiday.

2. Goldman Sachs Upgrades L Brands

Goldman Sachs upgraded L Brands (LB ) from Buy to Conviction Buy with a price target of $106.00, up from $104.00.

Shares of L Brands closed at $87.46 Friday before the long weekend.

3. Needham & Company Downgrades NetApp

Needham & Company downgraded NetApp (NTAP) from Buy to Hold following a weak Q4 and what’s said to be one of the “worst” conference calls in years.

Shares of NetApp closed last week at $35.33. Just last Thursday, FBN reduced its Price Target to $33.

4. Credit Suisse Downgrades Regency Centers

Credit Suisse downgraded Regency Centers (REG ) from Neutral to Underperform and maintains its price target of $67.00.

Regency Centers shares closed at $64.80 last trading day.