Jefferies Reiterates Hold On Eaton Vance (EV)

Jefferies & Co. is reiterating its Hold rating and $32 price target on shares of Eaton Vance EV as the mutual fund manager is set to report earnings on August 18. In the report Jefferies & Co. notes, "EV's internal growth remains above average, reflecting its diverse suite of products and strength in fixed income. While we believe the company's product suite is well positioned for future growth, we remain Hold rated primarily based upon valuation." Shares of Eaton Vance Corp. are up 17 cents to $29.09.