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Fly News Breaks for November 19, 2018
EV
Nov 19, 2018 | 07:18 EDT
Citi analyst William Katz downgraded Eaton Vance to Neutral from Buy and lowered his price target for the shares to $46.50 from $60.50. The analyst expects the stock to be "range bound from here" given the company's slowing organic growth, deteriorating performance in high fee funds and "likely flattish" year-over-year margins.
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