Information Provided By: 
Fly News Breaks for March 15, 2019
ENV
Mar 15, 2019 | 08:41 EDT
JPMorgan analyst William Cuddy raised his price target for Envestnet to $71 from $64 after the company announced the acquisition of financial planning software company PIETec. The deal cost of $500M is significant but investors expected a large deal announcement, Cuddy tells investors in a research note. He believes PIETec addresses product gaps in financial planning software and better positions Envestnet as a "one-stop provider for wealth management technology." The analyst keeps an Overweight rating on the shares.
News For ENV From the Last 2 Days
There are no results for your query ENV
