Citi Maintains a 'Sell' on Eaton Vance (EV); Consensus/Valuation Still at Risk
Citi maintains a 'Sell' rating on Eaton Vance (NYSE: EV), price target $23. Citi analyst says, "With F3Q10 (July) “dust settled” it appears F4Q10 (Oct) and F2011 consensus estimates remain at meaningful risk. We would aggressively swap into Franklin Resources (NYSE: BEN), trading at sharp P/E discount to EV yet offers greater flow, global...
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