Jefferies Boosts Numbers on Affiliated Managers Group (AMG) Ahead of Q1
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Price: $358.94 --0%
Rating Summary:
8 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 8 | New: 13
Rating Summary:
8 Buy, 1 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 8 | New: 13
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Jefferies raised estimates and its price target on Buy-rated Affiliated Managers Group (NYSE: AMG) from $113 to $128 ahead of Q1 earnings kick-off for the group with BlackRock on Wednesday, April 18th.
The firm comments, "Our numbers move universally higher on the strength of the equity market rally and most should see healthy margin expansion given the speed of the rally. We see AMG, BX, IVZ and TROW as possible standouts given their relative positioning and strong organic growth potential."
Q1 EPS goes up form $1.56 to $1.58, FY12 EPS goes from $7.20 to $7.33 and FY13 goes from $8.30 to $8.42.
For an analyst ratings summary and ratings history on Affiliated Managers Group click here. For more ratings news on Affiliated Managers Group click here.
Shares of Affiliated Managers Group closed at $113.18 yesterday.
The firm comments, "Our numbers move universally higher on the strength of the equity market rally and most should see healthy margin expansion given the speed of the rally. We see AMG, BX, IVZ and TROW as possible standouts given their relative positioning and strong organic growth potential."
Q1 EPS goes up form $1.56 to $1.58, FY12 EPS goes from $7.20 to $7.33 and FY13 goes from $8.30 to $8.42.
For an analyst ratings summary and ratings history on Affiliated Managers Group click here. For more ratings news on Affiliated Managers Group click here.
Shares of Affiliated Managers Group closed at $113.18 yesterday.
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