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

Barclays raised the firm’s price target on AllianceBernstein (AB) to $39 from $36 and keeps an Equal Weight rating on the shares post the Q3 report. The tone of the earnings call was “quite positive” with management expecting 100-150 points of margin expansion next quarter while demand for fixed income strategies picked up nicely, the analyst tells investors in a research note.