Goldman Sachs Downgrades Affiliated Managers Group (AMG) to Neutral
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Goldman Sachs downgrades Affiliated Managers Group, Inc. (NYSE: AMG) from Buy to Neutral, on the basis of better relative upside potential elsewhere in the sector.
Tops picks from Goldman in the Asset Manager sector include: Conviction Buy rated Blackrock (NYSE: BLK) and Blackstone (NYSE: BX) and Buy-rated Artio Global Investors Inc. (NYSE: ART), Franklin Resources Inc. (NYSE: BEN), and Och-Ziff Capital Management Group LLC (NYSE: OZM).
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