Evercore ISI raised the firm’s price target on Acadian Asset Management (AAMI) to $55 from $48 and keeps an In Line rating on the shares after the company reported a “strong” Q3 with a net client cash flow of $6.4B, which the firm says “significantly” exceeded expectations of $2.5B. Their second-best flow quarter following a record-setting prior quarter highlights sustained client demand across diverse strategies, the analyst added.
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