Monday, December 22, 2014

Thursday’s Analyst Moves: AT&T Inc., Lockheed Martin Corporation, Boeing Co, More (T, LMT, BA, More)

Before Thursday'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.

Credit Suisse Cuts Estimates on AT&T

Credit Suisse has lowered its price target on AT&T Inc. (T) to $39. The firm has also reduced its estimates on T through 2015 as its wireline business remains a drag. T has a dividend yield of 5.40%. See AT&T’s Q3 earnings here.

Lockheed Martin Upgraded to “Buy”

Lockheed Martin Corporation (LMT) has been upgraded to “Buy” and has been given a $193 price target at Argus. LMT has a dividend yield of 3.37%. See Lockheed Martins’ Q3 earnings here.

Boeing Downgraded at Credit Suisse

Boeing Co (BA) has been cut from “Outperform” to “Neutral” at Credit Suisse as free cash flow increase may be slowed by its cost cutting efforts. The firm has a $133 price target on BA, suggesting a 10% upside. BA has a dividend yield of 2.40%. See Boeing’s Q3 earnings here.

BMO Cuts Estimates on U.S. Bancorp

BMO Capital has lowered its estimates on U.S. Bancorp (USB) as the company is facing revenue challenges. The firm has also cut its price target on USB to $42. USB has a dividend yield of 2.43%. See U.S. Bank’s Q3 earnings here.

Credit Suisse Boosts Estimates on General Dynamics

Credit Suisse has raised its estimates on General Dynamics Corporation (GD) due to the company’s new outlook. The firm has also boosted its price target on GD to $137, suggesting an 8% increase. GD has a dividend yield of 1.96%. See General Dynamics Q3 earnings here.

Dow Chemical Co Upgraded to “Buy”

Deutsche Bank has boosted its rating on Dow Chemical Co (DOW) from “Hold” to “Buy” and has given the company a $58 price target. Although the company is up 13% in the last month, analysts see the company benefiting even more from lower input costs. DOW has a dividend yield of 3.11%. See Dow Chemical’s Q3 earnings here.

Pacific Crest Lowers PT on EMC Corporation

Pacific Crest has cut its price target on EMC Corporation (EMC) to $30. The firm has also lowered its estimates on EMC as the company is investing more in future growth and facing more competition. EMC has a dividend yield of 1.68%.

Fifth Third Upgraded at Goldman Sachs

Fifth Third Bancorp (FITB

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