Hold Rating Reiterated For Eaton Vance

Eaton Vance Corporation EV is reported by Jefferies to have internal growth that is above average and reflects its divserse array of products and strength in fixed income. According to Jefferies, Eaton Vance has reported 18 consecutive quarters of inflows, and this streak is expected to continue as the company ends quarters in strong cash positions. The Global Macro Absolute Return fund has grown rapidly from $387M ten months ago to approximately $7.0B today. The fund accounted for over 50% of Eaton Vance's net inflows in the last quarter. Jefferies maintains its Hold rating and $31 price target. Eaton Vance Corporation closed yesterady at $29.17.