UBS upgrades Man Group to Buy citing AHL outperformance
UBS said it expects material upgrades to consensus EPS as Q3 ends around month end, pointing to AHL strategies’ +7% performance over the past six weeks.
UBS said EMG's share price does not reflect the recent positive performance across its AHL strategies (+7%) over the past six weeks. It said this creates an attractive entry point, and it expects material upgrades to consensus EPS as Q3 comes to a close at month end.