Thursday’s Analyst Moves: QUALCOMM, Inc., Kraft Foods Group Inc, Whole Foods Market, Inc., More (QCOM, KRFT, WFM, 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.

Qualcomm Downgraded to “Market Perform”

QUALCOMM, Inc. (QCOM) has been cut to “Market Perform” at Bernstein as China remains an uncertainty. The firm has an $80 price target on QCOM, suggesting a 5% upside from the stock’s current price. QCOM has a dividend yield of 2.23%.

Deutsche Bank Downgrades Kraft

Deutsche Bank has cut its rating on Kraft Foods Group Inc (KRFT) to “Hold” following the release of its Q2 earnings. Analysts at the firm see KRFT facing a difficult fundamental environment. KRFT has a dividend yield of 3.67%.

Two Firms Downgrade Whole Foods

JP Morgan has downgraded Whole Foods Market, Inc. (WFM) from “Overweight” to “Neutral.” The firm has also cut estimates on WFM as the company lacks near term visibility.

UBS also cut its rating on WFM from “Buy” to “Neutral” as analysts now believe that the company’s re-acceleration needs more time. WFM has a dividend yield of 1.33%

JPM Lifts PT on Alcoa

JP Morgan has raised its price target on Alcoa Inc (AA) to $24.50. The firm has also boosted estimates on the company due to higher expected aluminum prices. AA has a dividend yield of 0.73%.

Jefferies Lowers PT on Dominion Resources

Jefferies has lowered its price target on Dominion Resources, Inc. (D) from $73.50 to $72. D has a dividend yield of 3.49%.

Eli Lilly Downgraded at Citi

Eli Lilly and Co (LLY) has been cut to “Neutral” at Citigroup due to Alimta risks. LLY has a dividend yield of 3.13%.

Two Firms Lift PT on U.S. Steel

JP Morgan has boosted its price target on United States Steel Corporation (X) to $33. The firm has also raised estimates as the company is cutting costs.

Jefferies has increased its price target on X from $31 to $35. The firm has also raised estimates on X due to lower expenses and stable pricing. X has a dividend yield of 0.60%.

Credit Suisses Boosts PT on Hess

Credit Suisse has raised its price target on Hess Corp. (HES