Analyst Moves: Caterpillar Inc., The Coca-Cola Co, Intel Corporation, More (CAT, KO, INTC, More)

Before Monday’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.

Morgan Stanley Downgrades Amgen 

Amgen (AMGN) was downgraded to “Equal Weight” from “Overweight” at Morgan Stanley, based on a valuation call and AMGN’s lack of near-term catalysts. MS has a price target of $177 on AMGN, suggesting an 11% upside to the stock’s current price. AMGN has a dividend yield of 1.98%.

Morgan Stanley Downgrades Baxter

Baxter International (BAX) was downgraded to “Underweight” from “Equal Weight” at Morgan Stanley, based on a valuation call. MS currently has a price target of $73 on BAX, suggesting the stock will remain flat at its current price. BAX has a yield of 2.84%.

Two Firms Change Ratings on C.R. Bard

C.R. Bard (BCR) was upgraded to “Equal Weight” from “Underweight” at Morgan Stanley, as MS believes BCR has earnings flexibility. MS has a price target of $187 on BCR, suggesting a 12% upside to the stock’s current price.

JP Morgan downgraded C.R. Bard to “Underweight” from “Neutral” based on a valuation call and a $162 price target. JPM’s price target suggests a 3% downside to the stock’s current price. BCR has a yield of 0.53%.

JP Morgan Downgrades Caterpillar

Caterpillar (CAT) was downgraded to “Underweight” from”Neutral” at Caterpillar, as the company’s exposure to the energy and mining sectors should be a headwind. JPM has an $8o price target on CAT, suggesting the stock price will fall by 13%. CAT has a yield of 3.05%.

BofA/Merrill Lynch Upgrades Coca-Cola Enterprises

Coca-Cola Enterprises (CCE) was upgraded to “Buy” from “Neutral” at BofA/Merrill Lynch, based on a valuation call and $52 price target. The price target suggests an 18.5% upside to the stock’s current price. CCE has a yield of 2.28%.

JP Morgan Downgrades Cablevision

Cablevision Systems