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EV Downgraded to Sell by Ticonderoga on Growth Concerns

By Market News Video Staff, Tuesday, November 16, 12:07 PM ET

Ticonderoga Securities downgraded asset management firm Eaton Vance today, from neutral to sell as the firm believes Eaton Vance's shares are in the process of re-pricing based on a lower-than-expected organic growth rate. Ticonderoga expects organic growth to fall over the next several quarters.

Ticonderoga has a $25 price target on Eaton Vance shares, which are lower by 1.75% today.

Eaton Vance (NYSE:EV) is a 1.36% holding of the SPDR S&P Dividend ETF. Centurylink (NYSE:CTL) is the top stock in the fund, at 3.7% of the portfolio, followed by Pitney Bowes (NYSE:PBI) at 3.55%, and Cincinnati Financial (NASDAQ:CINF) at 3.41%.


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This Article's Word Cloud:   Bowes   CINF   Dividend   Eaton   Financial   Investment   NYSE   Portfolio   Securities   Ticonderoga   Vance   allocation   allows   asset   based   believes   bonds   cash   classes   commodities   complete   completely   countries   designed   expected   firm   flexibility   follow   followed   growth   guidelines   investors   leads   lower   neutral   next   organic   over   performance   portfolio   price   pricing   program   quarters   rate   regions   shares   short   terms   today
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EV Downgraded to Sell by Ticonderoga on Growth Concerns | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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