AllianceBernstein price target lowered to $36 from $39 at Barclays

Barclays lowered the firm’s price target on AllianceBernstein (AB) to $36 from $39 and keeps an Equal Weight rating on the shares. The macro backdrop looks constructive going into 2025 for the brokers, asset managers and exchanges, the analyst tells investors in a research note. The firm is increasingly constructive on the alternative asset managers, where an “unleash” of transacting has been growing and looks set to happen, and brokers, where it sees healthy earnings growth opportunities.