Market Overview

Cohen & Steers Initiated At Credit Suisse, Sees Organic Growth Through 2017

Cohen & Steers Initiated At Credit Suisse, Sees Organic Growth Through 2017

Following the outperformance of Cohen & Steers, Inc. (NYSE: CNS) shares in 2016 to date, along with the stock’s higher relative valuation, Credit Suisse’s Ari Ghosh prefers to remain on the sidelines until there is a more attractive entry point into the stock.

Ghosh initiated coverage of Cohen & Steers with a Neutral rating and price target of $42.

Organic Growth

“While the combination of CNS's strong long-term fund performance and its in-favor product offering should generate positive organic growth through 2017, we actually expect CNS's organic growth rate to decline from current levels, which is tracking at +14 percent in 1H16,” the analyst mentioned.

In addition, Ghosh expects large AuUM/fund distribution to continue to offset robust inflows and weigh on total AUM growth for the company.

Related Link: The Market In 5 Minutes: Record-Setting Week Coming To A Close

Position Outside The U.S.

The company generates about 20 percent of its revenues from non-U.S. clients, with a strong presence in Japan, where it is key sub-advisor for Daiwa.

“A foothold in a large strategic, low interest rate market like Japan, where investors are starved for yield, should help drive flows into CNS's income-focused products,” Ghosh added.

Did you like this article? Could it have been improved? Please email to let us know!

Latest Ratings for CNS

Nov 2020B of A SecuritiesUpgradesNeutralBuy
Apr 2020B of A SecuritiesUpgradesUnderperformNeutral
Mar 2020B of A SecuritiesMaintainsUnderperform

View More Analyst Ratings for CNS
View the Latest Analyst Ratings


Related Articles (CNS)

View Comments and Join the Discussion!

Posted-In: Ari Ghosh Credit SuisseAnalyst Color Price Target Initiation Analyst Ratings

Latest Ratings

MRTXHC Wainwright & Co.Maintains257.0
NVDATruist SecuritiesMaintains672.0
BLKBMO CapitalMaintains715.0
BLKDeutsche BankMaintains838.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at