In a report issued on July 12, Robert Lee from KBW reiterated a Buy rating on AllianceBernstein (NYSE: AB), with a price target of $32. The company’s shares closed yesterday at $29.05, close to its 52-week high of $29.80.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 9.1% and a 69.0% success rate. Lee covers the Financial sector, focusing on stocks such as Oaktree Capital Group Llc, SEI Investments Company, and WisdomTree Investments.
AllianceBernstein has an analyst consensus of Moderate Buy, with a price target consensus of $32.
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The company has a one-year high of $29.80 and a one-year low of $22.55. Currently, AllianceBernstein has an average volume of 320.8K.
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AllianceBernstein Holding LP engages in the provision of research, diversified investment management, and related services. It includes investment trusts, mutual funds, hedge funds and other investment vehicles. The company was founded in October 2000 and is headquartered in New York, NY.
