AllianceBernstein price target raised to $37 from $36 at Barclays

Barclays raised the firm’s price target on AllianceBernstein (AB) to $37 from $36 and keeps an Equal Weight rating on the shares following the Q1 report. The company’s performance fee guidance came in below Street expectations, and macro volatility and market levels should pressure margins, the analyst tells investors in a research note.