Barrington analyst Alexander Paris raised the firm’s price target on Affiliated Managers to $195 from $155 and keeps an Outperform rating on the shares after the company reported Q4 results and said it expects Q1 adjusted EBITDA in the range of $215M-$220M based on current AUM levels. Despite a nearly $6 selloff this morning, Affiliated Managers’ are still up 38% since the company reported Q3 results, the firm noted.
Published first on TheFly
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