Keefe, Bruyette & Woods has raised estimates for investment management company, Eaton Vance Corp(EV) on Wednesday.
The firm reported that they have increased their estimates for EV. The company, which currently has a rating of “Market Perform,” now has a price target of $32. This price target suggests a slight increase over the stock’s current price of $31.17.
Raised estimates are due to EV having better asset inflows.
Eaton Vance shares were down 48 cents, or -1.52% during premarket trading Wednesday. The stock is up 33.88% YTD.
The Bottom Line
Shares of Eaton Vance (EV) have a 2.53% dividend yield, based on last night’s closing stock price of $31.65. The stock has technical support in the $28 price area. If the shares can firm up, we see overhead resistance around the $34-$35 price levels.
Eaton Vance Corp(EV) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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