Envestnet | Tamarac Implements Integration with Pershing's NetX360® Platform

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UBS Remains Sidelined on Envestnet (ENV) as Asset Growth Drives 4Q Upside

March 9, 2016 9:02 AM EST

UBS maintained a Neutral rating on Envestnet (NYSE: ENV), and cut the price target to $24.00 (from $30.00), following the company's 4Q earnings report. ENV reported adjusted EPS of $0.28 beating the $0.23 Street consensus. The outperformance is likely driven by asset growth metrics showing signs of life as the AUM/A conversion pipeline finally started... More