TD Cowen Maintains Buy on AllianceBernstein Holding, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bill Katz maintains a Buy rating on AllianceBernstein Holding (NYSE:AB) but lowers the price target from $40 to $39.

April 29, 2024 | 5:17 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on AllianceBernstein Holding but lowers the price target from $40 to $39.
The adjustment in price target by TD Cowen reflects a slight change in valuation perspective, possibly due to updated financial analysis or market conditions. However, maintaining a Buy rating indicates a continued positive outlook on the company's performance. The impact on the stock price may be neutral to slightly negative in the short term as the market absorbs the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100