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.

1. Harley Davidson Downgraded by RBC Capital

RBC Capital downgraded Harley Davidson (HOG ) from Outperform to Sector Perform with a price target of $59.00 (from $66.00). Shares of Harley Davidson closed at $56.66 yesterday. The company pays an annual dividend of $1.24 (paid quarterly).

2. Maxim Integrated Products Downgraded by Drexel Hamilton

Drexel Hamilton downgraded Maxim Integrated Products (MXIM ) from Buy to Hold. Shares of Maxim Integrated Products closed at $33.72 yesterday. MXIM pays an annual dividend of $1.12 (paid quarterly).

3. Exelon Upgraded by BofA/Merrill Lynch

BofA/Merrill Lynch upgraded Exelon (EXC ) from Underperform to Neutral with a price target of $33.00. Shares of Exelon closed at $32.77 yesterday. The company pays an annual dividend of $1.24 (paid quarterly).

4. St. Jude Medical Upgraded by Wells Fargo

Wells Fargo upgraded St. Jude Medical (STJ ) from Market Perform to Outperform. Shares of St. Jude Medical closed at $74.06 yesterday. STJ pays an annual dividend of $1.16 (paid quarterly).

5. Tetra Tech Upgraded by Wedbush

Wedbush upgraded Tetra Tech (TTEK ) from Neutral to Outperform with a price target of $30.00 (from $29.00). Shares of Tetra Tech closed at $25.20 yesterday. The company pays an annual dividend of $0.32 (paid quarterly).