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Fly News Breaks for May 11, 2015
ENV
May 11, 2015 | 12:35 EDT
Barrington downgraded Envestnet to Market Perform citing the company's slowing organic revenue growth and concerns over its backlog of conversions. The rating change comes after Envestnet lowered its 2015 organic revenue growth expectations to 14%]16% from 19%]21%.
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