AllianceBernstein: AllianceBernstein price target raised to $37 from $36 at Barclays

Barclays raised the firm's price target on AllianceBernstein ( AB ) to $37 from $36 and keeps an Equal Weight rating on the shares following the Q1 report. The company's performance fee guidance came in below Street expectations, and macro volatility and market levels should pressure margins, the analyst tells investors in a research note. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly - the ultimate source for real-time, market-moving breaking financial news. Try Now>>