Monday Analyst Moves: Wal-Mart Stores, Inc., Mastercard Inc, Chevron Corporation, More (WMT, MA, CVX, 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.

Royal Bank Downgrades Applied Materials

Applied Materials (AMAT) was downgraded to “Sector Perform” from “Outperform” at RBC Capital based on a valuation call. RBC has a price target of $18 on AMAT, suggesting a 7% upside to the stock’s current price. AMAT has a dividend yield of 2.38%.

Goldman Downgrades Eaton Vance

Goldman Sachs downgraded Eaton Vance (EV) to “Sell.” GS sees lower flows for Eaton Vance, which could lower the company’s earnings. Goldman has a $33 PT on EV, which suggests that EV’s stock has a downside of 13%. EV currently has a dividend yield of 2.31%.

FBR Capital Downgrades Mastercard

Mastercard (MA) was downgraded to “Market Perform” from “Outperform” at FBR Capital Markets due to MA’s exposure to emerging markets that may have slowing growth. MA has a dividend yield of 5.81%.

Drexel Upgrades Northrop Grumman

Drexel upgraded Northrop Grumman (NOC