Deutsche Bank Maintains Estimates, Hold Rating on Artio Global Investors

Despite Artio Global Investors' (NYSE: ART) lower month-end assets report, Deutsche Bank is maintaining its estimates and Hold rating on the stock.

“Given weak equity markets (S&P 500‐1.7% and MSCI‐EAFE ‐1.2%), mixed credit markets, muted FX, and signs of continued elevated outflows, Artio reported lower month‐end AUM in June (‐4.9% sequentially to $46.8B),” Deutsche Bank writes.

Artio Global Investors closed Wednesday at $11.52.