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UPDATE: J.P. Morgan Lowers Eaton Vance's PT

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Earnings Scheduled For May 20, 2015
Citi Upgrades Eaton Vance

According to a research report published this morning, J.P. Morgan has lowered Eaton Vance's (NYSE: EV) PT from $30 to $27.50.

In the report, J.P. Morgan said, "Eaton Vance reported F2Q12 adj. EPS of $0.45, missing our estimate by $0.02 and consensus by $0.03. EV posted net sales for the first time in three quarters, driven by strong inflows into fixed income. However, expenses were higher than we had modeled and are expected to remain somewhat elevated as EV builds its technology infrastructure. We maintain our Neutral rating, as Eaton Vance is still struggling to gain traction from its diverse product range, particularly in current markets."

J.P. Morgan maintains its Neutral rating on Eaton Vance, which closed yesterday at $23.98.

Latest Ratings for EV

DateFirmActionFromTo
May 2015JP MorganMaintainsUnderweight
May 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Apr 2015CitigroupDowngradesNeutralSell

View More Analyst Ratings for EV
View the Latest Analyst Ratings

Posted-In: J.P. MorganAnalyst Color Price Target Analyst Ratings

 

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