DA Davidson downgraded Envestnet to Neutral from Buy with a price target of $63, down from $78, after the company entered into a definitive agreement to be acquired by Bain Capital for $63.15 per share.
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Read More on ENV:
- Envestnet downgraded to Neutral from Buy at UBS
- Envestnet downgraded to Market Perform from Outperform at JMP Securities
- Envestnet downgraded to Market Perform from Outperform at William Blair
- Envestnet’s Strategic Merger and Upcoming Delisting
- ENVESTNET, LEADING WEALTH TECHNOLOGY PLATFORM, ANNOUNCES $4.5 BILLION TAKE-PRIVATE TRANSACTION WITH BAIN CAPITAL