AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2024
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Deutsche Bank Reiterates Buy Rating on Affiliated Managers Group (AMG)
November 5, 2024 5:24 AM ESTDeutsche 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
