Evercore ISI lowered the firm’s price target on AllianceBernstein (AB) to $44 from $46 and keeps an Outperform rating on the shares. The summer closed on a positive note for the traditional manager group with both stocks and bonds “broadly in the green,” while industry organic growth stayed improved for a fourth consecutive month, the analyst tells investors in an early look at August and Q3 traditional asset manager flows ahead of monthly AUM and flow results coming next week.
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Read More on AB:
- AllianceBernstein CEO Bernstein sells $999K of holding units
- AllianceBernstein Reports July 2025 Assets Under Management
- AllianceBernstein reports preliminary AUM $829B as of July 31
- AllianceBernstein price target raised to $46 from $44 at Evercore ISI
- AllianceBernstein price target raised to $42 from $40 at Barclays