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Fly News Breaks for January 4, 2017
APAM
Jan 4, 2017 | 06:32 EDT
Goldman analyst Alexander Blostein downgraded Artisan Partners to Sell with a $26 price target. The analyst expects Artisan's organic growth challenges to accelerate into 2017 and 2018 as performance significantly deteriorates in some of its largest products, mainly non-US Growth, its largest strategy. Blostein expects outflows to re-accelerate and further pressures from a negative mix shift towards separate accounts from mutual funds.
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