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Asset manager stocks have fallen further than the market in recent months. However, an analysis of select asset manager valuations shows that at least 11 stocks have upside of more than 15% from their mean price targets, suggesting that equity analysts believe the heavy sell-off in some stocks is overdone.
S&P Global Market Intelligence defined implied upside as the percentage amount by which the asset manager stocks would need to increase from their March 18 closing prices to get to their mean price targets. In ranking the stocks by implied price appreciation, S&P Global Market Intelligence included only those companies with at least three analyst price targets published by S&P Capital IQ.
The SNL U.S. Asset Manager Index tumbled about...