DA Davidson Downgrades Envestnet to Neutral, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Peter Heckmann has downgraded Envestnet (NYSE:ENV) from Buy to Neutral and lowered the price target from $78 to $63.
July 18, 2024 | 1:00 pm
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NEGATIVE IMPACT
DA Davidson analyst Peter Heckmann downgraded Envestnet from Buy to Neutral and reduced the price target from $78 to $63.
The downgrade from Buy to Neutral and the significant reduction in the price target from $78 to $63 by a reputable analyst is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100