Envestnet price target raised to $55 from $50 at Barrington Barrington raised its price target on Envestnet to $55 from $50 following meetings with management and after the company's acquisition of Placemark, which the firm views as consistent with its M&A strategy. Barrington keeps its Outperform rating on the stock.
Envestnet to provide update on proposed Yodlee acquisition on September 24 Envestnet (ENV) announced that the company will provide a presentation with additional information on its proposed acquisition of Yodlee (YDLE) on September 24 at approximately 7:00 a.m. ET at http://ir.envestnet.com/. The company will also be hosting a conference call to discuss the additional information on September 24 at 8:30 a.m. ET. The company will discuss the size and nature of additional product offerings and addressable markets that the business combination enables in the longer-term. In addition the company will also discuss shorter term metrics, including expected 2016 fourth quarter exit run rates for Yodlee's revenue and EBITDA, inclusive of synergies.