Wall Street Zen upgraded Affiliated Managers Group (NYSE:AMG) to a “strong-buy” rating, indicating positive analyst sentiment. Despite this, the stock recently dropped 10.8%, opening at $287.58, even though its Q4 earnings beat estimates with EPS of $9.48. Revenue of $556.6 million missed consensus but still represented a 6.2% year-over-year increase, and institutional investors have been actively trading the company’s shares.
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Affiliated Managers Group (NYSE:AMG) Upgraded at Wall Street Zen
Wall Street Zen upgraded Affiliated Managers Group (NYSE:AMG) to a “strong-buy” rating, indicating positive analyst sentiment. Despite this, the stock recently dropped 10.8%, opening at $287.58, even though its Q4 earnings beat estimates with EPS of $9.48. Revenue of $556.6 million missed consensus but still represented a 6.2% year-over-year increase, and institutional investors have been actively trading the company’s shares.