Morgan Stanley Maintains Equal-Weight Rating for BrightSphere Investment: Here's What You Need To Know

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Morgan Stanley has decided to maintain its Equal-Weight rating of BrightSphere Investment (NYSE:BSIG) and lower its price target from $20.00 to $19.00.

Shares of BrightSphere Investment are trading up 0.11% over the last 24 hours, at $18.71 per share.

A move to $19.00 would account for a 1.55% increase from the current share price.

About BrightSphere Investment

BrightSphere Investment Group Inc is a diversified, multi-boutique asset management company. The company’s diverse affiliates offer alpha-generating investment products to investors around the world. Its reportable segment includes Quant and Solutions, which comprises of versatile, tailored strategies that leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including non-U.S. and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.. Its affiliates offer products in the U.S, international and emerging markets equities; U.S. fixed income; and alternative investments, including timber and secondary Funds.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish “analyst ratings” for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.