AllianceBernstein price target raised to $41 from $40 at TD Cowen

TD Cowen raised the firm’s price target on AllianceBernstein (AB) to $41 from $40 and keeps a Hold rating on the shares. The firm’s stance remains tactically most bullish on Traditional Asset Managers, albeit with a tighter focus on higher-conviction ideas, while maintaining exposure to Alternatives with a shift toward more “Higher for Longer” positioning and less 2026 beta, the analyst tells investors in a research note.