BofA analyst Craig Siegenthaler raised the firm’s price target on Affiliated Managers to $192 from $182 and keeps a Neutral rating on the shares as part of a Q1 earnings preview note on traditional asset managers. Despite the positive market backdrop in Q1, BofA forecasts roughly in-line Q1 EPS results for the Trads but expects the net flow improvement quarter over quarter to help EPS revisions coming out of the prints.
Published first on TheFly
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