(Proactive Investors) UBS analysts believe concerns over Man Group’s second half performance have been overblown and are more than priced into its shares at current levelsShares in Man Group (LON:EMG) jumped after the hedge fund heavyweight was upgraded to a ‘buy’ from a ‘neutral’ recommendation by Swiss investment bank UBS. Man Group’s shares have fallen 23% over the past four weeks despite the company recently reporting third quarter assets under management and flows, which were in line with consensus forecasts.
Man Group Upgraded to ‘Buy’ By UBS as Concerns Over Second Half Fees Ease
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