Deutsche Bank analyst Brian Bedell raised the firm’s price target on Affiliated Managers to $192 from $187 and keeps a Buy rating on the shares. The firm remains constructive on Affiliated Managers after Q4 earnings and anticipates the shares will outperform the traditional asset manager peer group again in 2023. Deutsche added that, with the stock being pressured today on the lower performance fee outlook, it would use this as a buying opportunity.
Published first on TheFly
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