AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024

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Go back to AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024

Deutsche Bank Reiterates Buy Rating on Affiliated Managers Group (AMG)

November 5, 2024 5:24 AM EST

Deutsche Bank analyst Brian Bedell reiterated a Buy rating and $204.00 price target on Affiliated Managers Group (NYSE: AMG)

The analyst comments "We see AMG's 3Q result as being mixed overall, with economic EPS of $4.82 below $4.83 Consensus and our $4.84 estimate, albeit we view "core" economic EPS at ~$4.87 given an other economic loss of $13.5mn being mostly offset by lower-thanexpected tax rate of 11.8% vs. our 17.8% estimate. The adjusted EBITDA... More