Affiliated Managers price target raised to $190 from $175 at Barrington

Barrington analyst Alexander Paris raised the firm’s price target on Affiliated Managers to $190 from $175 and keeps an Outperform rating on the shares ahead of the Q1 report on May 6. The analyst views the stock’s current valuation as an attractive buying opportunity. The firm says 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, the analyst tells investors in a research note.