Acadian Asset Management price target raised to $42 from $34 at RBC Capital

RBC Capital raised the firm’s price target on Acadian Asset Management (AAMI) to $42 from $34 and keeps a Sector Perform rating on the shares after its Q2 results. The company saw “significant strength” in net inflows, and the firm is raising its estimates to reflect the upwardly revised organic growth assumptions and benefit from operating leverage, the analyst tells investors in a research note.