Sunday, July 20, 2014

Friday’s Analyst Moves: Apple Inc., Chevron Corporation, QUALCOMM, Inc., More (AAPL, CVX, QCOM, More)

Before Friday'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.

Canaccord Genuity Lifts Estimates on Apple

Canaccord Genuity has raised its price target on “Buy” rated Apple Inc. (AAPL) to $112. This new price target suggests a 17% upside from Thursday’s closing price of $95.04. The firm has also raised estimates on AAPL as the company is expected to see more replacement sales. AAPL has a dividend yield of 1.98%.

Two Firms Cut Estimates on Chevron

Barclays has lowered its estimates on Chevron Corporation (CVX) due to the company’s lower than expected operating results. The firm has an “Equal Weight” rating and $130 on CVX.

UBS has lowered its estimates on CVX due to the company’s weaker R&M and FX losses. CVX has a dividend yield of 3.29%.

Wells Fargo Downgrades Procter & Gamble

The Procter & Gamble Company (PG) has been cut to “Market Perform” at Wells Fargo. The firm has also lowered its estimates on P&G due to the lack of progress in managements offers. PG has a dividend yield of 3.15%.

Goldman Sachs Removes Qualcomm From Conviction Buy List

Goldman Sachs has removed QUALCOMM, Inc. (QCOM) from its Conviction Buy list as the company lacks near term catalysts. QCOM has a dividend yield of 2.09%.

Jefferies Starts Coverage on Berkshire Hills

Jefferies has initiated coverage on Berkshire Hills Bancorp, Inc. (BHLB) with a “Hold” rating and $25 price target. This price target suggests a 7% upside from Thursday’s closing price of $23.39. Analysts see the company potenially having double digit loan growth. BHLB has a dividend yield of 3.08%.

Top 10 Solar Companies To Buy For 2015

Wunderlich Downgrades Brinker

Brinker International, Inc. (EAT) has been cut to “Hold” at Wunderlich as the company could be facing increased competition. The firm has a $52 price target on EAT, suggesting a 9% increase from Thursday’s closing price of $47.65. EAT has a dividend yield of 2.01%.

Emerson Electric Upgraded to “Buy” at Argus

Emerson Electric Co. (EMR) has been upgraded from “Hold” to “Buy” at Argus as analysts see the company continuing to grow and buy back shares. The firm has a $75 price target on EMR, suggesting a 12% up

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