03:35 AM EDT, 04/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $2 to $42, valuing the shares (which, as a limited partnership, currently yield nearly 11%) at 10.5x our 2026 adjusted EPS estimate of $4.00, versus its three-year average forward multiple of 12x and a disparate peer average of 13x. We lower our 2025 EPS estimate by $0.07 to $3.58, after AB posted Q1 EPS of $0.80 versus $0.73, compared to our $0.87 EPS estimate and the $0.78 consensus view. Results reflected 5.7% lower revenues on a divestiture, and included some favorable underlying trends in the core asset management business, including an 8.4% rise in base fees and 23.5% higher performance fees. Fund flow trends were also positive in the quarter, with current-quarter inflows of $2.4 billion, versus $0.5 billion a year ago. We view the shares, currently trading at 9.7x our 2026 EPS estimate, 10.9x our 2025 EPS estimate, and currently yielding 10.8%, as undervalued versus peers, historical averages, and see positive fund flow trends as a catalyst for the shares.