A.G. Edwards Downgraded AC
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- A.G. Edwards Downgraded AC
A.G. Edwards downgraded Alliance Capital Management Holding Company (NYSE: AC) from Buy to Hold. In the firm's opinion, AC has made good progress in their turnaround and moderate growth for shares should be experienced going forward. The shares seem to be fairly valued and with dividend stability and a higher dividend as compared to their peer group, they feel AC is a good investment for conservative investors.
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