Raymond James Maintains Outperform on Envestnet, Lowers Price Target to $46
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 $67 to $46.
November 09, 2023 | 1:12 pm
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NEGATIVE IMPACT
Envestnet's price target has been lowered from $67 to $46 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a short-term negative impact on Envestnet's stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100