- Noting the company's high exposure to active equity management amid the secular move to passive funds, RBC's Eric Berg downgrades Artisan Partners Asset Management (APAM -0.2%) to Sector Perform from Outperform. The price target is cut to $31 from $38 (current is $28.38).
- APAM is lower by more than 40% over the past year.
RBC throws in the towel on Artisan Partners
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Symbol | Last Price | % Chg |
---|---|---|
APAM | - | - |
Artisan Partners Asset Management Inc. |