Investment manager Eaton Vance Corp (EV) on Thursday caught some positive commentary from analysts at Citigroup.
The firm said it boosted its rating on EV from “Sell” to “Neutral” with a $23.50 price target. That target suggests a small downside to the stock’s Wednesday closing price of $23.98. Citigroup noted the shares are now approaching an appropriate valuation.
Eaton Vance shares were unchanged in premarket trading Thursday.
The Bottom Line
Shares of Eaton Vance (EV) have a 3.00% dividend yield, based on last night’s closing stock price of $23.98. The stock has technical support in the $21-$22 price area. If the shares can firm up, we see overhead resistance around the $26 price level.
Eaton Vance Corp (EV) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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