Royal Bank of Canada Boosts Price Target for Artisan Partners Asset Management to $45.00

Artisan Partners Asset Management (NYSE: APAM) received an updated price target from Royal Bank of Canada, increasing it from $44.00 to $45.00 in a note issued to investors on Thursday.

The firm currently has an 'outperform' rating on the asset manager's stock, indicating a potential upside of 12.81% from the previous close of $39.89.

This is not the only update on APAM's stock price; TD Cowen also lifted their price target to $37.00 and gave the company a 'hold' rating in a report on Thursday.