In the Margins

Citi analyst: Eaton Vance's $53m Calvert buy a good deal

October 26, 2016

By Barron's

Eaton Vance will pay $53 million for Calvert Investment Management, it was revealed during a conference call. Citi analyst William Katz remains favorably disposed to the deal. He reiterated a "neutral" rating but raised his price target by 50 cents to $39.50 and raised his fiscal 2017 and 2018 earnings per share estimates by a few pennies each. Read the original story from Barron's.