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AllianceBernstein price target raised to $42 from $40 at Barclays

Barclays raised the firm’s price target on AllianceBernstein (AB) to $42 from $40 and keeps an Equal Weight rating on the shares post the Q2 report. The company sounded upbeat on its longer-term margin expansion potential and fee rates going into Q3, the analyst tells investors in a research note.

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