Goldman Sachs Starts Artisan Partners Asset Management (APAM) at Neutral

April 1, 2013 7:11 AM EDT
Get Alerts APAM Hot Sheet
Price: $50.42 +0.76%

Rating Summary:
    5 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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Goldman Sachs initiates coverage on recent IPO Artisan Partners Asset Management (NYSE: APAM) with a Neutral rating and $37 price target.

While Goldman is positive on the firm's differentiated US and global equity portfolios, the current valuation at a 17X P/E already bakes in a strong flow and equity market move following the 32% post-IPO gains.

For an analyst ratings summary and ratings history on Artisan Partners Asset Management click here. For more ratings news on Artisan Partners Asset Management click here.

Shares of Artisan Partners Asset Management closed at $39.45 yesterday.


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