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Fly News Breaks for July 30, 2018
AMG
Jul 30, 2018 | 19:27 EDT
Keefe Bruyette analyst Robert Lee upgraded Affiliated Managers Group to Outperform from Market Perform and raised his price target for the shares to $191 from $174. Following this morning's Q2 results, the analyst believes the company is positioned for "at least" modest organic growth. If sustainable, he sees room for multiple improvement. Further, Affiliated Managers' "still has a very cheap overall valuation," Lee tells investors in a research note.
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