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Fly News Breaks for October 17, 2017
FNGN, ENV
Oct 17, 2017 | 06:55 EDT
Jefferies analyst Surinder Thind raised his price target for Envestnet (ENV) to $65 saying the shares have more room to run. The stock, despite rallying 51% year-to-date, still has "significant upside" as the company further increases its leading market share in a consolidating industry, Thind tells investors in a research note previewing Q3 earnings reports in Fintech. The analyst also sees an attractive entry point for Financial Engines (FNGN) at current share levels. He keeps a Buy rating on the name with a $47 price target.
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