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RBC Capital Sticks to Its Buy Rating for Artisan Partners (APAM)

In a report issued on August 4, Kenneth Lee from RBC Capital maintained a Buy rating on Artisan Partners (APAMResearch Report), with a price target of $42.00. The company’s shares closed last Friday at $37.28.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 16.2% and a 57.6% success rate. Lee covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, BrightSphere Investment Group, and Victory Capital Holdings.

Artisan Partners has an analyst consensus of Hold, with a price target consensus of $36.00.

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The company has a one-year high of $53.29 and a one-year low of $32.07. Currently, Artisan Partners has an average volume of 515.5K.

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Artisan Partners Asset Management, Inc. operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds. The company was founded in 1994 and is headquartered in Milwaukee, WI.

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