Stock News: Analyst Moves for June 9

Below are the dividend stocks that were subject to analyst moves before the bell. Analysts weigh in with insight and commentary as to what you can expect going forward.

Semiconductor specialist Altera (ALTR ) saw its stock downgraded pre-market on Tuesday with Wells Fargo adding it to its Market Perform list. Previously, the stock was an Outperform. The current consensus analyst target for the stock is $46.35. Finishing Monday’s session at $51.41 (down 0.10%), Wells Fargo’s adjusted dividend yield is 1.17% with an annual payout of $0.60 (paid quarterly). The stock is 0.96% from its 52-week high.

Autoparts company Autoliv (ALV ) saw its stock downgraded pre-market on Tuesday with KeyBanc adding a Sector Weight rating. The analyst note confirmed that the company had reached fair valuation and upside could be hindered by the recent Takata recall. Finishing Monday’s session at $123.69 (down 0.77%), Autoliv’s adjusted dividend yield is 1.81% with an annual payout of $2.24 (paid quarterly). The stock is 6.43% from its 52-week high.

Mining conglomerate Rio Tinto (RIO ) saw its stock downgraded during the trading session on Monday with Societe Generale highlighting a shift in their valuation and putting the stock on their Hold list. Previously, the stock held a Buy rating. Finishing Monday’s session at $43.25 (down 0.87%), Rio Tinto’s adjusted dividend yield is 5.54% with an annual payout of $2.40 (paid quarterly). The stock is 27.10% from its 52-week high.

Australian miner BHP Billiton (BHP ) saw its stock upgraded on Monday with Societe Generale raising their rating from a Hold to Buy. Interestingly, this comes after the bank downgraded peer Rio Tinto. The industry consensus target on the stock is $31.38. Finishing Monday’s session at $42.83 (down 0.18%), BHP Billiton’s adjusted dividend yield is 5.65% with an annual payout of $2.42 (paid quarterly). The stock is 42.05% from its 52-week high.

Movie production company Cinemark Holdings (CNK ) saw its stock upgraded on Tuesday with Topeka Capital changing the rating to Buy. The analyst put a new price target of $47.00 on the stock. Finishing Monday’s session at $39.07 (down 0.84%), Cinemark’s adjusted dividend yield is 2.56% with an annual payout of $1.00 (paid quarterly). The stock is 14.47% from its 52-week high.

Oil and gas company Noble Energy (NBL ) saw its stock upgraded pre-market on Tuesday with Nomura Securities highlighting a shift in their rating and putting the stock on their Neutral list. The new price target is $48.00. Finishing Monday’s session at $44.69 (up 0.22%), Noble Energy’s adjusted dividend yield is 1.61% with an annual payout of $0.72 (paid quarterly). The stock is 43.88% from its 52-week high.