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Fly News Breaks for November 7, 2019
Nov 7, 2019 | 07:25 EDT
SunTrust analyst Mark Hughes lowered his price target on Athene Holding to $52 after its Q3 earnings miss, also reducing his FY19 EPS view by 56c to $6.49 to reflect his growing conservatism regarding future investment spreads. The analyst maintains his Buy rating on the stock, citing the company's "high quality investment portfolio" and its ability to "source attractively priced liabilities through its multi-channel growth strategy."