TD Cowen initiated coverage of Affiliated Managers with an Outperform rating and $185 price target. The company has a favorable long-term franchise mix toward alternative assets, while its non-U.S., private markets and wealth management should bolster flows, the analyst tells investors in a research note. Affiliated Managers’ more disciplined capital return and USD weakness may temper the elevated Equities attrition, the firm added.
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Read More on AMG:
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