Acadian Asset Management price target lowered to $27 from $33 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Acadian Asset Management (AAMI) to $27 from $33 and keeps a Sector Perform rating on the shares ahead of its Q4 results. RBC expects investors to focus on the management’s outlook for 2025 expenses and believes that Acadian could benefit from operating leverage, given the management’s comments previously suggesting that expenses could grow slowly going forward, the analyst tells investors in a research note. The firm adds however that its model update also reflects Q4 market returns while noting that risk-reward on the stock looks “balanced”.