MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, November 13, 2008 A Boston Fund Firm's Stock Receives a Downgrade An analyst with Buckingham Research Group downgraded Eaton Vance's stock from "neutral" to "underperform," The Associated Press reports. The lowering was due in part to the bearish outlook for the broader asset management industry. The analyst, William Katz, also pointed out that retail investors account for most of Eaton Vance's AUM. Eaton Vance shares were trading at $16.90, down 3.65 percent, as of 2:44 p.m. Meanwhile, Goldman Sachs analyst Marci Irizarry cut his fourth-quarter estimate for Eaton Vance to 34 cents per share. Printed from: MFWire.com/story.asp?s=19890 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |