Artisan Partners downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded Artisan Partners to Market Perform citing expectations for more modest organic growth. The firm lowered its price target for shares to $59 from $69.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: ASML (ASML) upgraded to Accumulate from Neutral at SNS Securities... Anacor (ANAC) upgraded to Buy from Neutral at Goldman... Artisan Partners (APAM) upgraded to Outperform from Neutral at Credit Suisse... Canadian National (CNI) upgraded to Buy from Hold at Canaccord... General Mills (GIS) upgraded to Outperform from Sector Perform at RBC Capital... Halliburton (HAL) upgraded to Accumulate from Neutral at Global Hunter... Harte-Hanks (HHS) upgraded to Outperform from Market Perform at BMO Capital... MDC Partners (MDCA) upgraded to Overweight from Neutral at Piper Jaffray... SABMiller (SBMRY) upgraded to Buy from Neutral at Nomura... Sanmina (SANM) upgraded to Neutral from Underperform at Longbow... Santander Mexico (BSMX) upgraded to Neutral from Sell at Goldman... Sherwin-Williams (SHW) upgraded to Buy from Neutral at Northcoast... Southwestern Energy (SWN) upgraded to Buy from Neutral at Global Hunter... Verisk Analytics (VRSK) assumed with an Outperform at Keefe Bruyette.
Artisan Partners upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded Artisan Partners to Outperform and increased its price target to $57 from $50. The firm believes Q2 flows improved by $2B and expects a positive inflection during Q3. Credit Suisse raised organic growth forecasts to 4%-5% and said its high active share business and DOL Rule compliant fund structures will drive market shares gains.