KBW Has $28 Target On AllianceBernstein (AB)

Keefe Bruyette & Woods has a $28 price target on AllianceBernstein Holding LP AB. In a research report sent to clients, KBW writes, "AllianceBernstein's assets, revenues, and earnings are leveraged to the performance of Global equity and bond markets and demand for products is vulnerable to weak investment performance and poor capital market returns." Shares of AB closed at $24.27 yesterday.
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