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Tuesday, September 04, 2007|
Eaton Vance's Stock Falls From Favor
Eaton Vance stock has been downgraded by Merrill Lynch and JP Morgan in the past few weeks due to the market turbulence. The Boston Globe reports that the downgrades were based on "number of small but meaningful issues," according to a JP Morgan analyst. Eaton Vance president Tom Faust believes the firm can weather the market storms. "We think we've got a portfolio built for performance in all market environments," he was quoted as saying.
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