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Fly News Breaks for June 17, 2015
IVZ, AMG
Jun 17, 2015 | 06:53 EDT
Citi replaced Invesco (IVZ) with Affiliated Managers (AMG) as its top pick among Traditional Asset Managers for the second half of 2015. Citi expects a pick up in deal activity to boost AMG's net income growth and valuation. It keeps a Buy rating on the stock with a $270 price target. Invesco remains Buy rating at the firm as well.
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