UBS Downgrades Envestnet to Neutral, Lowers Price Target to $63.15
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Alex Kramm has downgraded Envestnet (NYSE:ENV) from Buy to Neutral and lowered the price target from $75 to $63.15.
July 16, 2024 | 1:11 pm
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NEGATIVE IMPACT
UBS analyst Alex Kramm downgraded Envestnet from Buy to Neutral and reduced the price target from $75 to $63.15.
The downgrade from Buy to Neutral and the significant reduction in the price target from $75 to $63.15 by a reputable analyst at UBS is likely to negatively impact investor sentiment and the short-term stock price of Envestnet.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100