Barclays raised the firm’s price target on AllianceBernstein (AB) to $36 from $34 and keeps an Equal Weight rating on the shares. The firm updated asset manager models to reflect full quarterly flow and assets under management metrics. Estimates are generally coming down due to lower market movements, particularly in March, the analyst tells investors in a research note.
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Read More on AB:
- AllianceBernstein Announces Preliminary Assets Under Management
- AllianceBernstein reports preliminary AUM $784B as of March 31
- AllianceBernstein price target lowered to $34 from $37.50 at TD Cowen
- AllianceBernstein reinstated with an Equal Weight at Barclays
- AllianceBernstein downgraded to Neutral from Buy at BofA