AllianceBernstein price target lowered to $39 from $42 at Barclays

Barclays lowered the firm’s price target on AllianceBernstein (AB) to $39 from $42 and keeps an Equal Weight rating on the shares. The firm updated asset manager models to reflect full quarterly flows and asset under management metrics. Assets rose due to market appreciation in Q4, though flow profiles were mostly negative, the analyst tells investors in a research note.