Why Goldman Sachs Says AllianceBernstein Holding Stock Is Underappreciated
Portfolio Pulse from Priya Nigam
Goldman Sachs has upgraded AllianceBernstein Holding LP (NYSE:AB) from Neutral to Buy, with a revised price target of $36.75. The upgrade comes after the stock lost around 12% year to date, with Goldman Sachs stating that the market is underappreciating the company's industry-leading organic fee growth prospects and its differentiated operating margin expansion.
October 03, 2023 | 5:07 pm
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Goldman Sachs has upgraded AllianceBernstein (AB) to Buy, indicating a positive outlook for the company's stock.
The upgrade from Goldman Sachs indicates a positive outlook for AllianceBernstein's stock. The analyst believes that the market is underappreciating the company's growth prospects, which could lead to an increase in the stock's price.
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