Keefe Bruyette Downgrades Affiliated Managers (AMG) to Market Perform

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Keefe Bruyette & Woods downgrades Affiliated Managers Group (NYSE: AMG) from Outperform to Market Perform and lowers its price target to $109, citing net outflows in Q4 as a disappointment.

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management company providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States.

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