AllianceBernstein price target raised to $42 from $41 at TD Cowen

TD Cowen raised the firm’s price target on AllianceBernstein (AB) to $42 from $41 and keeps a Buy rating on the shares. The firm said the fundamental story remains strong, and long-term NNA AOGR seems poised to accelerate into 2025 while Baird believes recent weakness centers on its structure and investors seeking higher beta opportunities.