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UPDATE: Jefferies Raises PT to $28 on Eaton Vance on Organic Growth

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UPDATE: Eaton Vance Shares Surge On Upbeat Q4 Earnings
Earnings Scheduled For November 25, 2014

Jefferies reiterated its Hold rating on Eaton Vance (NYSE: EV) and raised its price target from $26 to $28.

Jefferies said, "EV achieved positive organic growth in the quarter and fiscal year behind improved fixed income and global macro flows as well as institutional wins at Parametric. Retail equity redemptions continue to be dominated by Large Cap Value, albeit at a decelerating rate. With pending tax law changes, EV's tax managed product suite has the potential for improved demand trends in 2013."

Eaton Vance closed at $29.03 on Wednesday.

Latest Ratings for EV

DateFirmActionFromTo
Dec 2014BairdDowngradesOutperformNeutral
Dec 2014Keefe Bruyette & WoodsMaintainsMarket Perform
Nov 2014Bank of AmericaMaintainsUnderperform

View More Analyst Ratings for EV
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Intraday Update Analyst Ratings

 

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