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Artisan Partners to trade lower after AUM data at TD Cowen

TD Cowen keeps a Hold rating and $10 price target on Artisan Partners (APAM) after the company reported November assets under management data. The results “modestly” lagged the firm’s model and also featured a 2.7B growth equities attrition into early December, the analyst tells investors in a research note. The firm expects the stock to trade lower on Wednesday.

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