Artisan Partners price target lowered to $43 from $47 at TD Cowen

TD Cowen lowered the firm’s price target on Artisan Partners (APAM) to $43 from $47 and keeps a Hold rating on the shares. The firm met with management and came away a bit more mixed around the flow and capital deployment outlooks, even as they remain constructive on newer growth initiatives and expect management to execute on small deals.