Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Acadian Asset Management (AAMI) to $49 from $46 and keeps an Equal Weight rating on the shares. Flows were softer than expected in Q4 and the firm is lowering its Q4 flow estimate by 30 basis points while cutting Q4 EPS estimates by 5% on average for the Asset Managers it covers, the analyst tells investors in a preview.
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