Goldman Sachs Upgrades Affiliated Managers Group (AMG) to Buy

March 13, 2013 7:23 AM EDT
Get Alerts AMG Hot Sheet
Price: $143.49 +1.52%

Rating Summary:
    3 Buy, 3 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs upgraded Affiliated Managers Group (NYSE: AMG) from Neutral to Buy with a price target of $170.00 (from $145.00).

The firm cited: 1) Strong Organic Growth; 2) Attractive AuM mix; (3) Capital deployment optionality.

The firm raised 2013/2014/2015 EPS estimates to $9.80/$11.30/$12.40 from $9.07/$10.54/$10.90, and raise their target multiple to 17x from 16x

For an analyst ratings summary and ratings history on Affiliated Managers Group click here. For more ratings news on Affiliated Managers Group click here.

Shares of Affiliated Managers Group closed at $150.04 yesterday.

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