Evercore ISI analyst Glenn Schorr lowered the firm’s price target on Acadian Asset Management (AAMI) to $52 from $55 and keeps an In Line rating on the shares. November rain came early this year with traditional asset manager industry flows taking a step down for a second straight month after an improved four-month stretch, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAMI:
- Brightsphere’s Earnings Call: Record AUM Amid Challenges
- Acadian Asset Management price target raised to $55 from $48 at Evercore ISI
- Acadian Asset Management Reports Record AUM and Growth
- Acadian Asset Management Secures New Credit Agreements
- Acadian Asset Management price target raised to $43 from $40 at Morgan Stanley