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Rating:Eaton Vance Stock Receives Downgrade Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, August 24, 2007

Eaton Vance Stock Receives Downgrade

by: Erin Kello

Eaton Vance's stock was downgraded by JPMorgan analyst Kenneth Worthington. Bloomberg reports that Worthington downgraded Eaton's stock from "buy" to "sell," because the performance of the company's muni funds has been "decimated" from bad investments in tobacco bonds. In a note to his clients, Worthington said that the funds may be "forced selling at a time when the muni market has little liquidity."  

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