AllianceBernstein (NYSE:AB) has been downgraded from Buy to Neutral in a report by Citigroup today.
- Updated: November 27, 2016
Just yesterday AllianceBernstein (NYSE:AB) traded 2.79% higher at $23.50. AllianceBernstein’s 50-day moving average is $22.27 and its 200-day moving average is $22.64. The last stock price is up 5.81% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 166,546 shares of AB traded hands, down from an average trading volume of 224,841
Citigroup has downgraded AllianceBernstein (NYSE:AB) from Buy to Neutral in a report released on 11/22/2016.
Previously on 2/12/2016, KBW released a statement about AllianceBernstein (NYSE:AB) reduced the target price from $26.00 to $20.00. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
AllianceBernstein has 52 week low of $16.11 and a 52 week high of $25.49 with a PE ratio of 11.85 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 7 brokerages have issued a research note on the company. The average stock price target is $21.57 with 2 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On AllianceBernstein (NYSE:AB)
AllianceBernstein Holding L.P. provides research, investment management and related services to a range of clients through three buy-side distribution channels, institutions, retail and private wealth management, and its sell-side business, Bernstein Research Services. The Company's principal services include institutional services, retail services, private wealth management services and Bernstein research services. It offers institutional services to institutional clients, including private and public pension plans, foundations and endowments, insurance companies, central banks and governments around the world. It offers retail services that serve retail clients, primarily by means of retail mutual funds. It offers private wealth management services to private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, private and family corporations, and other entities. It is engaged in providing various investment services.
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