Keefe, Bruyette & Woods Upgrades Manning & Napier (MN) to Outperform; Raising PT & Estimates on Attractive Risk/Reward

Keefe, Bruyette & Woods upgraded Manning & Napier (NYSE: MN) from Market Perform to Outperform, raises price target to $15.50.

KBW analyst says, "We are raising our rating on Manning & Napier to Outperform given a more attractive risk/reward. We are also raising our EPS estimates and price target as we marked-to-market our estimates to reflect strong QTD equity returns." (FY12 lifted from $1.05 to $1.12 and FY13 from $1.15 to $1.22)

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 $12.48 yesterday.

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