AllianceBernstein ahead 2% on some rare sell-side love

|About: AllianceBernstein Holdin... (AB)|By:, SA News Editor

The asset manager gets a two-notch upgrade at BAML - to Buy from Underperform - with price target of $25 suggesting 12% upside from last night's close.

Over at KBW, Robert Lee upgrades to Outperform from Market Perform. His price target is $26.

Prior to these upgrades, AllianceBernstein (NYSE:AB) had no Buy (or equivalent) ratings from the sell-side, and the stock wa down 4.7% YTD.

Shares +2% premarket