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Fly News Breaks for October 26, 2016
MN
Oct 26, 2016 | 21:08 EDT
Keefe Bruyette analyst Robert Lee downgraded Manning & Napier to Underperform from Market Perform following the weaker than expected Q3 report driven by weaker revenues and net outflows. The analyst cut estimates and lowered his price target to $7 from $7.75 and sees potential risk to the dividend if weakness continues.
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