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AllianceBernstein reported mixed financial results for the first quarter, with earnings per share (EPS) of $0.83 matching analyst expectations. While net income surged by 37% year-over-year, revenue missed estimates by $23.6 million, leading to a downward revision of the fair value target to $43 per unit. The firm continues to face headwinds from ongoing outflows in its active management strategies, which has narrowed the margin of safety for investors. Despite these challenges and a drop in dividends, analysts have maintained a Buy rating on the stock. This optimism is largely supported by a robust dividend yield of 10.1%, which serves as a valuation floor amid persistent growth concerns.
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