Affiliated Managers Group Shares Rose 16% Since Q3 Results Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/AMG'>Affiliated Managers Group, Inc. (NYSE:AMG)</a> shares rose nearly 16% since the company’s reported Q3 results on Monday. Q3 economic earnings of $4.21 per share came in better than the Street estimate of $3.92. Total revenues were $578.6 million, beating the Street estimate of $553.3 million.</p>
<p>Analysts at Deutsche Bank raised their price target on the company’s shares to $161 from $135. With very good Q3 results and a much better-than-expected Q4 outlook that should enable EPS growth of at least 5-10% this year, the analysts see the company as potentially the only traditional asset manager they cover to deliver positive EPS growth this year. </p>
<p>The analysts continue to remain constructive on the company and expect the shares to be supported by earnings remaining more resilient than peers in a tough market backdrop and reiterate their Buy rating.</p>

NYSE:AMG