Tuesday’s Analyst Moves: International Business Machines Corp., Morgan Stanley, PetSmart, Inc., More (IBM, MS, PETM, 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.

Citi Cuts Rating on IBM

International Business Machines Corp. (IBM) has been downgraded from “Buy” to “Neutral” at Citigroup on a valuation call. IBM has a dividend yield of 1.92%

See Also: Dividends in Focus: The Dow 30

Argus Upgrades Southwest Airlines 

Argus reported that it has lifted its rating on Southwest Airlines Co (LUV) from “Hold” to “Buy” and has given the company a $28 price target. This price target suggests a 24% upside from the stock’s current price of $22.51. The firm noted that LUV is increasing revenue and cutting costs. LUV has a dividend yield of 0.71%.

Morgan Stanley Raised to “Buy” at BofA/Merrill

Bank of America/Merrill Lynch has upgraded Morgan Stanley (MS) from “Neutral” to “Buy” as its risk/reward is now attractive after its pullback. The firm has a $35 price target on MS, suggesting a 20% increase from the stock’s current price of $29.06. MS has a divid