TD Cowen Maintains Buy on Affiliated Managers Group, Lowers Price Target to $198
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bill Kirk maintains a Buy rating on Affiliated Managers Group (AMG) but lowers the price target from $218 to $198.

May 07, 2024 | 4:43 pm
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TD Cowen maintains a Buy rating on AMG but reduces the price target from $218 to $198.
The maintenance of a Buy rating suggests a positive outlook on AMG by TD Cowen, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, balancing the potential impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100