JPMorgan Downgrades Envestnet (ENV) to Neutral

JPMorgan analyst William Cuddy downgraded Envestnet (NYSE: ENV) from Overweight to Neutral with a price target of $73.00 (from $71.00).

• Steps aside as upside is priced in.
• "We adjust our estimates downward due to lower revenue growth than previously modeled. Mgmt’s revenue guide was lower than we expected. After updating our price target, Envestnet has only 2% upside."

For an analyst ratings summary and ratings history on Envestnet click here. For more ratings news on Envestnet click here.

Shares of Envestnet closed at $71.33 yesterday.

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