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Fly News Breaks for July 21, 2015
EV
Jul 21, 2015 | 06:12 EDT
Credit Suisse downgraded Eaton Vance to Neutral and lowered its price target to $44 from $50. The firm said it has concerns on Eaton Vance's ability to obtain signficant distribution access for NextShares and believes the 2H launch target will be delayed. Additionally, the firm lowered its net flow forecast due to rising rates and its current FY16 EPS estimate is 7% below Street estimates.
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