Fly News Breaks for November 6, 2019
Nov 6, 2019 | 06:22 EDT
Citi analyst William Katz upgraded Artisan Partners Asset Management (APAM) to Buy from Neutral with a price target of $33, up from $26. The analyst now sees potential for the company's net new assets to inflect positively into 2021, which he thinks should be enough to drive modest multiple expansion. Katz recommends a pair trade of overweight Artisan Partners, underweight Waddell & Reed (WDR).
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