UPDATE: Keefe, Bruyette & Woods Reiterates Market Perform Rating, Raises PT on Eaton Vance Corp. Following In-Line Results

In a report published Friday, Keefe, Bruyette & Woods analyst Robert Lee reiterated a Market Perform rating on

, and raised the price target from $39.00 to $40.00. In the report, Keefe, Bruyette & Woods noted, “Adjusted operating EPS were in-line with our forecast as modestly higher pre-tax operating income and non-operating investment income were offset by lower equity in affiliates. Net outflows were in-line with our estimate, too. Adjust EPS estimates and PT. No change to MP rating.” Eaton Vance Corp. closed on Thursday at $38.04.