These Analysts Revise Their Forecasts On AllianceBernstein Following Q1 Results
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AllianceBernstein (AB) reported Q1 earnings of 83 cents per share, meeting expectations, with sales of $1.201 billion exceeding estimates. CEO Seth Bernstein noted challenges from geopolitical issues and $6.3 billion in net active outflows. Analysts adjusted price targets: Barclays lowered its target from $40 to $39, while Evercore ISI raised it from $41 to $42. AB shares rose 2.8% to $39.50 following the announcement.
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