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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100