Friday’s Analyst Moves: Microsoft Corporation, Johnson & Johnson, Wells Fargo & Co, More (MSFT, JNJ, WFC, 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.

Citigroup Upgrades Eaton Vance

Eaton Vance (EV) was upgraded to “Neutral” at Citigroup, due to the company’s defensive asset base. Citi has a price target of $35 on EV, suggesting the stock price will decrease by 2% from its current price. EV has a dividend yield of 2.45%.

Jefferies Downgrades Johnson & Johnson

Johnson & Johnson (JNJ) was downgraded to “Hold” from “Buy” at Jefferies, as the ratings firm feels that JNJ’s valuation is too high, even though the company has strong fundamentals. Jefferies has a $105 price target on JNJ, suggesting an upside of 8.4% from the stock’s current price. JNJ has a dividend yield of 2.73%.

Jefferies Upgrades Eli Lilly 

Eli Lilly’s (LLY) rating was bumped from “Underperform” to “Hold” at Jefferies, as the company has seen the removal of its material downsides. Jefferies has a $54 price target on LLY, suggesting a 7.6% downside to the stock’s current price. LLY has a yield of 3.35%.

Baird Upgrades MasterCard

Baird raised its rating on MasterCard (