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Affiliated Managers price target raised to $372 from $335 at BofA

BofA raised the firm’s price target on Affiliated Managers (AMG) to $372 from $335 and keeps a Buy rating on the shares following what the firm describes as “another landmark quarter” as AQR and Pantheon’s profit share structures are driving margin expansion combined with strong organic growth and a favorable mix shift toward higher-fee alternatives. The firm, which forecasts continued inflows of $8B in Q4, expects the M&A pipeline to “remain robust” in 2026.

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