Deutsche Bank Maintains Buy Rating for Affiliated Managers Group: Here's What You Need To Know

Deutsche Bank has decided to maintain its Buy rating of Affiliated Managers Group AMG and raise its price target from $187.00 to $192.00.

Shares of Affiliated Managers Group are trading down 0.35% over the last 24 hours, at $170.04 per share.

A move to $192.00 would account for a 12.91% increase from the current share price.

About Affiliated Managers Group

Affiliated Managers Group offers investment strategies to investors through its network of affiliates. The firm typically buys a majority interest in small to midsize boutique asset managers, receiving a fixed percentage of revenue from these firms in return. Affiliates operate independently, with AMG providing strategic, operational, and technology support, as well as global distribution. At the end of September 2022, AMG's affiliate network—which includes firms like AQR Capital Management, and Pantheon in alternative assets and other products (which accounted for 37% of AUM), Artemis, Genesis, Harding Loevner, and Tweedy Browne in global and emerging-market equities (27%) and Frontier, River Road, Parnassus, and Yacktman in U.S. equities (20%)—had $644.6 billion in managed assets.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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

Posted In: Analyst RatingsBZI-AAR-UPDATE