Sterne Agee Reiterates Buy Rating, $43 PT on Envestnet Ahead of Earnings Report

In a report published Monday, Sterne Agee analyst Greg Smith reiterated a Buy rating and $43.00 price target on

. In the report, Sterne Agee noted, “ENV is scheduled to report earnings on November 6 after the close with a call at 5:00 pm eastern time. Our 3Q13 EPS estimate of $0.14 is $0.01 ahead of consensus of $0.13. We expect the company to reiterate 2013 guidance and provide 4Q13 guidance in line with our expectations.” Envestnet closed on Friday at $35.79.