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Fly News Breaks for May 9, 2019
ENV
May 9, 2019 | 08:08 EDT
RBC Capital analyst Daniel Perlin raised his price target on Envestnet to $71 and also raised his FY20 EPS view by 9c to $2.55 to account for the company's recent MoneyGuide and PortfolioCenter acquisitions. The analyst says he expects the company to expand its margins as acquisitions are integrated, but also sees some risk from the potential decline in market value. Perlin keeps his Sector Perform rating on Envestnet shares.
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