Tuesday Analyst Moves: Hewlett-Packard Company, Eastman Chemical Company, More (HPQ, EMN, FINL, More)

Before Tuesday’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.

Hewlett-Packard Upgraded to “Overweight”

JP Morgan upgraded Hewlett Packard (HPQ) from “Neutral” to “Overweight” as JPM sees the company’s turnaround troubles letting up, and believes that HPQ has stronger cash flow generation. JP Morgan has a $35 price target on HPQ, suggesting a 30% upside to the stock’s current price. HPQ has a yield of 2.16%.

UBS Starts Eastman at “Buy”

Eastman Chemical (EMN) was initiated at a “Buy” at UBS, as UBS expects Eastman to deliver double digit growth. EMN was also assigned a price target of $92, which suggests a 25.3% upside to the stock’s current price. EMN has a dividend yield of 1.91%.

Finish Line Upgraded

BofA/Merrill Lynch upgraded Finish Line Inc. (FINL) to “Buy” from “Underperform,” as the ratings company believes that FINL’s upcoming products and its recent deal with Macy’s will help the bottom line. FINL has a price target of $30, which suggests an 18% upside to the stock’s current price. FINL has a yield of 1.1%.

Goldman Upgrades Medtronic

Medtronic, Inc. (MDT) was upgraded to “Buy” at Goldman Sachs, as GS sees MDT’s organic growth improving over the next number of quarters. MDT has a price target of $66, suggesting a 17% upside to its current price. MDT has a yield of 1.99%.

Credit Suisse Ups Archer Daniels’ Numbers

Archer Daniels Midland Co. (ADM) had its price target boosted to $45, and had its estimates raised at Credit Suisse. Credit Suisse believes that ADM is in a good position due to the company returning money to shareholders. The new PT for ADM suggests a 10.7% upside to its current price. ADM has a dividend yield of 2.36%.

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Avago Gets PT Boost at UBS

UBS raised the PT on Avago Technologies Ltd. (AVGO) to $60, due to the company’s acquisition of semiconductor company LSI. The “Buy”-rated company’s new PT suggests an upside of 19.8%. AVGO has a yield of 2%.

BofA/Merrill Lynch Adds Hess to US1 List

Hess Corp (HES) was added to the Us1 List at BofA/Merrill Lynch, as the ratings company believes that Hess may separate its retail business in the coming year. Hess has also been buying back more stock. HES has a yield of 1.26%.