Morgan Stanley Maintains Equal-Weight Rating for BrightSphere Investment: Here's What You Need To Know

Morgan Stanley has decided to maintain its Equal-Weight rating of BrightSphere Investment BSIG and lower its price target from $20.00 to $19.00.

Shares of BrightSphere Investment are trading up 0.11% over the last 24 hours, at $18.71 per share.

A move to $19.00 would account for a 1.55% increase from the current share price.

About BrightSphere Investment

BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company's diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.