Raymond James Maintains Outperform on Envestnet, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Patrick O'Shaughnessy has maintained an 'Outperform' rating on Envestnet (NYSE:ENV), but lowered the price target from $72 to $67.
October 03, 2023 | 11:17 am
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Envestnet's price target has been lowered from $72 to $67 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the stock, which could balance out any negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100