Artisan Partners price target lowered to $48 from $50 at RBC Capital

RBC Capital analyst Kenneth Lee lowered the firm’s price target on Artisan Partners (APAM) to $48 from $50 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results for asset managers. The firm notes that it still sees potential and ongoing industry consolidation for 2026, adding that M&A activity could be driven by asset managers’ desire to further diversify their investment strategy or increase economies of scale. For the company, with 70% of AUM positioned internationally, RBC notes that Artisan could benefit from increased demand for EM/non-US market exposure, the analyst tells investors in a research note.