Keefe, Bruyette & Woods Starts Manning & Napier (MN) at Market Perform; Solutions Approach to Distribution and Products

Keefe, Bruyette & Woods initiates coverage on Manning & Napier (NYSE: MN) with a Market Perform. PT $14.50.

KBW analyst says, "We believe that Manning & Napier can generate above-peer-group average organic growth and trade at a relative premium valuation. However, we believe that recent weakening in investment performance in certain key products and slowing organic growth could place a lid on Manning's valuation."

For an analyst ratings summary and ratings history on Manning & Napier click here. For more ratings news on Manning & Napier click here.

Shares of Manning & Napier closed at $12.81 yesterday.

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