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Virtus Investment Trades At Discount To Peers; Credit Suisse Upgrades
Monday, July 31, 2017 - 11:28am | 335Virtus Investment Partners Inc (NASDAQ: VRTS) reported last week its second-quarter earnings, which were strong enough to prompt analysts at Credit Suisse to upgrade the stock's rating from Neutral to Outperform with a price target raised from $141 to $147. Shares of Virtus were trading near the $...
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Cohen & Steers Initiated At Credit Suisse, Sees Organic Growth Through 2017
Friday, July 15, 2016 - 10:44am | 268Following the outperformance of Cohen & Steers, Inc. (NYSE: CNS) shares in 2016 to date, along with the stock’s higher relative valuation, Credit Suisse’s Ari Ghosh prefers to remain on the sidelines until there is a more attractive entry point into the stock. Ghosh initiated...
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Artisan Partners Downgraded To Neutral At Credit Suisse
Friday, July 15, 2016 - 9:31am | 284Credit Suisse has downgraded Artisan Partners Asset Management Inc (NYSE: APAM) to Neutral from Outperform on lower fund performance and lack of capacity. The brokerage also transferred the coverage of the stock to analyst Ari Ghosh. "APAM's long-term fund performance has steadily declined from...
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Calamos Investment's New Management 'Looking To Correct Course,' Says Credit Suisse
Friday, July 15, 2016 - 9:20am | 220Credit Suisse said the new management team at Calamos Asset Management, Inc (NASDAQ: CLMS) is in a "course correction" mode, as the firm reiterated its Underperform rating and $6 target price on the stock. Following the announcement of new CEO John Koudounis in March of this year, Calamos appointed...
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Virtus Investment Upgraded On 4 Points
Friday, July 15, 2016 - 9:15am | 227Credit Suisse’s Ari Ghosh believes Virtus Investment Partners Inc (NASDAQ: VRTS) is a compelling capital return story, while the company’s net flow outlook is also improving. Ghosh upgraded the rating on the company from Neutral to Outperform, while raising the price target from $90 to...
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Manning And Napier Positioned For A 'Multi-Year, Gradual Transition,' Says Credit Suisse
Friday, July 15, 2016 - 8:49am | 315Although the investment performance of Manning and Napier Inc (NYSE: MN) has improved across various products, the company’s overall performance is among “the weakest in our coverage,” Credit Suisse’s Ari Ghosh said in a report. He reiterated a Neutral rating on the...