TD Cowen downgraded AllianceBernstein (AB) to Hold from Buy with a price target of $38.50, up from $38.
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Read More on AB:
- Equitable Holdings to purchase 46M units of AllianceBernstein at $38.50 per unit
- AllianceBernstein Faces Financial Exposure Due to Guarantees and Credit Lines
- AllianceBernstein reports preliminary AUM $809B as of January 31
- AllianceBernstein removed from ‘US 1 List’ at BofA
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