Wednesday Analyst Moves: Apple Inc., 3M Co, M&T Bank Corporation, More (AAPL, MMM, MTB, More)

Before Wednesday’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.

JP Morgan Raises Estimates on Apple
JP Morgan has raised its price target on “Overweight”-rated Apple Inc. (AAPL) to $615. This new price target suggests an 11% increase from the stock’s current price of $554.99. The firm has also raised estimates on AAPL due to higher iPhone and Mac estimates. AAPL has a dividend yield of 2.20%.

Avon Products Downgraded at BofA/Merrill Lynch
Avon Products, Inc. (AVP) has been cut from “Buy” to “Neutral” at BofA/Merrill Lynch as it is likely that a turnaround will take longer than expected. The firm currently has an $18.50 price target on AVP, suggesting a 9% increase from the stock’s current price of $16.92. AVP has a dividend yield of 1.42%.

Nomura Downgrades Global Payments to “Neutral”
Nomura reported that it has downgraded Global Payments Inc (GPN) to “Neutral,” and has given the company a $66 price target. This price target suggests a 4% upside from the stock’s current price of $63.36. The firm has cut its rating on GPN based on a valuation call. GPN currently has a dividend yield of 0.13%.

Jabil Circuit Downgraded to “Hold”
Jabil Circuit, Inc. (JBL) has been downgraded from “Buy” to “Hold” at Needham as the company lacks visibility. JBL currently has a dividend yield of 1.62%.

Total System Services Upgraded at Nomura
Total System Services, Inc. (TSS