Affiliated Managers price target raised to $175 from $165 at Barrington

Barrington analyst Alexander Paris raised the firm’s price target on Affiliated Managers to $175 from $165 and keeps an Outperform rating on the shares ahead of the Q4 report. The analyst views the current valuation as a buying opportunity, saying “we are nearing the end of a long bear market for equities as well as the end of the Fed rate hike cycle.” Affiliated Managers is better positioned than most to navigate the combination of geopolitical tensions, elevated inflation and higher interest rates, given the structural advantages inherent in its partnership model, the analyst tells investors in a research note.