Artisan Partners price target raised to $53 from $50 at RBC Capital

RBC Capital raised the firm’s price target on Artisan Partners (APAM) to $53 from $50 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 for U.S. Asset Managers. The firm forecasts 2025 S&P500 year-end target of 6,600 while noting that asset managers can benefit from operating leverage, also stating that there is a favorable set up for M&A activity in the space, the analyst tells investors in a research note. Artisan’s newer strategies still have capacity, and expanding credit strategies line-up means the company could benefit from client allocations to fixed income, RBC adds.