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Fly News Breaks for January 8, 2019
AMG
Jan 8, 2019 | 16:50 EDT
Barrington analyst Alexander Paris reduced his Q4 and FY18 estimates for Affiliated Managers to reflect the market sell-off. The Q4 estimates now call for economic EPS of $3.50 and revenue of $570.0M, below the firm's prior estimates of $3.65 and $605.0M, respectively. The analyst reiterated an Outperform rating on Affiliated Managers, saying the valuation is attractive, but lowered his price target to $135 from $150.
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