Craig Siegenthaler, an analyst from Bank of America Securities, reiterated the Sell rating on Cohen & Steers. The associated price target is $71.00.
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Craig Siegenthaler has given his Sell rating due to a combination of factors impacting Cohen & Steers. Despite the company’s positive financial results in the third quarter of 2025, including an earnings per share beat, there are significant concerns about the elevated redemptions and the challenges faced in the real estate sector. The company’s unfunded pipeline is growing, but the inflow of these funds is expected to be gradual, with most occurring in the first half of 2026, which could delay potential benefits.
Furthermore, while rate cuts are anticipated to aid flows into various strategies, high-interest rates remain a headwind until further cuts occur. Although Cohen & Steers has shown strong investment performance, the elevated compensation ratio and the potential for continued high redemptions present ongoing challenges. The company’s price objective is slightly above the current market price, but the total potential return is limited, leading to the underperform rating being maintained.