AllianceBernstein: Tailwinds Into 2025, Raising My Target To $45
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AllianceBernstein is rated a buy due to strong earnings, solid EPS trends, and a favorable technical setup, despite a high valuation. AB reported robust Q3 results, with a 108% surge in operating income and a 21% increase in assets under management. Key risks include potential market weakness and high-interest rates impacting inflows, but AB's technicals and fundamentals remain strong.
November 09, 2024 | 9:45 am
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AllianceBernstein is rated a buy due to strong earnings and favorable technicals, with a target price raised to $45. Despite high valuation, Q3 results show a 108% surge in operating income and a 21% increase in AUM.
The article highlights AllianceBernstein's strong Q3 performance with significant increases in operating income and assets under management, supporting a buy rating and a raised target price. These factors are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100