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Affiliated Managers price target raised to $196 from $168 at TD Cowen

TD Cowen raised the firm’s price target on Affiliated Managers (AMG) to $196 from $168 and keeps a Hold rating on the shares. The firm said there were four takeaways from its Q1 results; ) better financial guides, active deal pipeline, potentially improving long term flow trajectory, and ongoing share repurchase.

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