Cohen & Steers price target raised to $71 from $68 at BofA

BofA raised the firm’s price target on Cohen & Steers to $71 from $68 and keeps an Underperform rating on the shares. C&S reported better-than-expected Q3 results, including an EPS beat, and management raised the 2025 G&A growth guidance to 9%, announced $500M-$600M of pending redemptions and a $1.8B unfunded pipeline on the earnings call, the analyst tells investors. While flows appear to be improving, redemptions remain elevated and high-interest rates will continue to be a headwind, says the analyst, who maintains an Underperform rating due to challenges in real estate.