Keefe Bruyette & Woods Has $31 Target On Alliance Bernstein (AB)

Keefe Bruyette & Woods has a $31 price target on shares of Alliance Bernstein

after the asset manager reported quarterly earnings. Keefe Bruyette & Woods describes risk to this price target as, "AllianceBernstein's assets, revenues, and earnings are leveraged to the performance of Global equity and bond markets and demand for products is vulnerable to weak investment performance and poor capital market returns." Shares of Alliance Bernstein are up 21 cents to $25.73 this morning.