Jul. 16 at 9:52 AM
$ENV Envestnet downgraded to Neutral from Buy at UBS
UBS analyst Alex Kramm downgraded Envestnet to Neutral from Buy with a price target of
$63.15, down from
$75, after the company entered into a definitive agreement to be acquired by Bain Capital for
$63.15 per share. Until the transaction closes, the shares will trade on deal dynamics, rather than fundamentals, the analyst tells investors in a research note.