Envestnet (ENV) Reports In-Line Q1 EPS

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Barrington Research Downgrades Envestnet (ENV) to Market Perform

May 11, 2015 12:47 PM EDT

Barrington Research downgraded Envestnet (NYSE: ENV) from Outperform to Market Perform and removed its price target. Analyst Jeff Houston pointed to concerns about its backlog of conversions and slowing organic growth.

"While confident in the companys longterm strategy and favorable industry... More