TD Cowen raised the firm’s price target on Artisan Partners (APAM) to $47 from $46 and keeps a Hold rating on the shares. The firm said they were more constructive exiting Q2 based on new product scaling; though they have nonetheless dialed down LT AOGR prospects for 2026E, 2H25+ operating leverage; greater likelihood on team lift-out/small deals, and continued upside to consensus 2H25-26E adj. EPS.
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