Keefe, Bruyette & Woods Assumes Affiliated Managers Group at Outperform, Lowers Price Target of $165
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown assumes Affiliated Managers Group (AMG) with an Outperform rating but lowers the price target to $165.
July 27, 2023 | 5:29 pm
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NEUTRAL IMPACT
Affiliated Managers Group's rating has been assumed as Outperform by Keefe, Bruyette & Woods, but the price target has been lowered to $165.
The Outperform rating suggests that the analyst expects AMG to do well in the market, which could potentially drive the stock price up. However, the lowering of the price target might indicate a tempered expectation of the stock's future performance, which could have a neutralizing effect on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100