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UPDATE: Credit Suisse Raises PT on Affiliated Managers Group on Good Potential Ahead

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Digging Into Credit Suisse's Global Focus List
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A Bullish Outlook For Affiliated Managers Group (GuruFocus)

In a report published Tuesday, Credit Suisse analyst Craig Siegenthaler reiterated an Outperform rating on Affiliated Managers Group (NYSE: AMG), and raised the price target from $166.00 to $180.00.

In the report, Credit Suisse noted, “After additional research on potential changes to AMG's capital structure mix in 2H13, we think AMG has the potential to reduce its 2014 share count to 53.0-53.5M in the absence of future deals which is 3% below current estimates. This assumes (1) the retirement of AMG's 2008 senior convert which is callable on 8/15, (2) the repurchase of its already issued equity forward sale, and (3) incremental share repurchases in 4Q13-4Q14.”

Affiliated Managers Group closed on Monday at $163.06.

Latest Ratings for AMG

DateFirmActionFromTo
Jun 2015JefferiesMaintainsBuy
Jun 2015Goldman SachsInitiates Coverage onNeutral
May 2015Deutsche BankMaintainsBuy

View More Analyst Ratings for AMG
View the Latest Analyst Ratings

Posted-In: Craig Seigenthaler Credit SuisseAnalyst Color Price Target Analyst Ratings

 

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