Affiliated Managers Group (AMG) PT Raised as TD Cowen Reiterates 'Top Overall Pick'

TD Cowen analyst Bill Katz raised the price target on Affiliated Managers Group (NYSE: AMG) to $338.00 (from $287.00) while maintaining a Buy rating.

The analyst commented: "Several powerful themes emerged from TD Cowen-sponsored investor meetings with senior management on 9/22, which we believe will result in further upward revaluation. Affirm Buy rating; tweak '25-26E EEPS and lift our 12M price target to $338 vs. $287 prior.

AMG remains our top overall pick, and we maintain our Buy rating. We lift our 12M price target ~18% to a "Street" high $338 to reflect enhanced SOTP framework, higher EPS, and higher target multiples – aided by stronger flow prospects – click inside for more detailed conversation."

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