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Fly News Breaks for August 10, 2016
ENV
Aug 10, 2016 | 07:29 EDT
UBS said the selloff in Envestnet following disappointing Q2 flows has created a solid buying opportunity. The firm believes the softer flows are temporary and do not distract from the longer-term view as the company believes they still have a very strong pipeline. UBS reiterated its Buy rating and $44 price target on Envestnet shares.
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