Jefferies analyst Daniel Fannon lowered the firm’s price target on AssetMark Financial to $25 from $30 and keeps a Hold rating on the shares. Ahead of Q3 reports from the U.S. broker and wealth advisor group, the firm says its EPS estimates “were biased moderately lower” and notes that cash deposit levels “have yet to find a bottom.”
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Read More on AMK:
- September AMK Report
- AssetMark Financial reports platform assets of $102.2B at end of August
- August AMK Report
- AssetMark Names Michael Kim Chief Executive Officer
- AssetMark Financial names Michael Kim CEO
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