Keefe, Bruyette & Woods Upgrades Manning & Napier (MN) to Outperform; Raising PT & Estimates on Attractive Risk/Reward
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Price: $12.85 --0%
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 15 | New: 3
Rating Summary:
1 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 15 | New: 3
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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.
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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