BofA analyst Craig Siegenthaler raised the firm’s price target on AllianceBernstein (AB) to $45 from $40 and keeps a Buy rating on the shares. The firm is adjusting its model following the company’s 4M share exchange that was detailed in AllianceBernstein’s December 8-K filing, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AB:
- AllianceBernstein price target lowered to $40 from $46 at BofA
- Closing Bell Movers: KB Home jumps 7% after Q4 earnings beat
- AllianceBernstein reports preliminary AUM $792B as of December 31
- AllianceBernstein reports preliminary AUM $813B as of November 30
- AllianceBernstein price target lowered to $36 from $39 at Barclays