Credit Suisse analyst Bill Katz upgraded AllianceBernstein to Outperform from Neutral with a price target of $43.50, up from $32. The analyst sees "solid absolute upside" given the company’s Q4 earnings upside and dividend yield. AllianceBernstein’s story is "too good to ignore," with the company positioned to benefit from faster organic growth and improved fixed income allocations, the analyst tells investors in a research note.
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Published first on TheFly
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