Eaton Vance Corp
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Financials : Capital Markets | Mid Cap BlendCompany profile

Eaton Vance Corp. is engaged in the business of managing investment funds and providing investment management and advisory services to high-net-worth individuals and institutions. The Company operates as an investment advisor to funds and separate accounts. The Company, through its subsidiaries and other affiliates, manages active equity, income and alternative strategies across a range of investment styles and asset classes, including the United States and global equities, floating-rate bank loans, municipal bonds, global income, high-yield and investment grade bonds. Through its subsidiary, the Company also manages a range of engineered alpha strategies, including systematic equity, systematic alternatives and managed options strategies. The Company's open-end fund lineup includes tax-managed equity funds, and non-tax-managed equity and multi-asset funds. The Company's family of closed-end funds includes municipal bond, domestic and global equity, and bank loan.

Closing Price
$39.76
Day's Change
-1.35 (-3.28%)
Bid
--
Ask
--
B/A Size
--
Day's High
40.85
Day's Low
39.67
Volume
(Below Average)
Volume:
864,902

10-day average volume:
986,313
864,902

Netflix shares down 2% premarket as SunTrust slashes stock price target

7:39 am ET January 2, 2019 (MarketWatch)
Print

Netflix Inc. shares (NFLX) slid 2% in premarket trade Wednesday, after SunTrust Robinson Humphrey slashed its stock price target to $355 from $410 and said it expects fourth-quarter subscriber additions to be slightly below consensus and the company's own guidance. Analysts led by Matthew Thornton said content released in December, including a Taylor Swift concert, the film "Bird Box" starring Sandra Bullock and a film length "Black Mirror' episode should close the gap. "But meaningful 4Q upside looks unlikely. We're updating our model (recent debt raise; 2019 quarterlies) and lowering our price target to $355 (higher rates, lower comp multiples) based on DCF (discounted cash flow)," they wrote in a note. SunTrust is sticking with its buy rating on the stock, however, as it expects an improved content slate heading into mid-year. Reports that the company is about to hire a new CFO--Spencer Neumann from Activision Blizzard Inc. (ATVI)--would also be a positive, if true, said the note. Shares have gained 33% in the last 12 months, while the S&P 500 has fallen 7%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

January 02, 2019 07:39 ET (12:39 GMT)

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