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Artisan Partners (APAM) Gets a Buy from RBC Capital

Tipranks - Tipranks - Fri May 15, 6:20AM CDT

In a report released yesterday, Kenneth Lee from RBC Capital maintained a Buy rating on Artisan Partners, with a price target of $43.00. The company’s shares closed yesterday at $36.88.

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According to TipRanks, Lee is a 5-star analyst with an average return of 7.1% and a 58.20% success rate. Lee covers the Financial sector, focusing on stocks such as FS KKR Capital, Artisan Partners, and OneMain Holdings.

Currently, the analyst consensus on Artisan Partners is a Hold with an average price target of $41.41.

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Based on Artisan Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $295.4 million and a net profit of $58 million. In comparison, last year the company earned a revenue of $277.15 million and had a net profit of $61.14 million

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