Baird Starts Andersen Group (ANDG) at Outperform

Baird analyst Mark Marcon initiates coverage on Andersen Group (NYSE: ANDG) with a Outperform rating and a price target of $40.00.

The analyst comments: "Initiating coverage of Andersen Group with an Outperform rating and a $40 twelve-month price target. Andersen is a highly differentiated premium provider of tax, valuation, and advisory services to UHNW individuals, families, businesses and institutions. ANDG possesses "Buffett-quality" business characteristics: 1) a highly differentiated, conflict-free model that provides excellent pricing power; 2) and the ability/opportunity to deploy incremenal capital at very high returns for an extended period. Our conservatively project solid growth with upside from accretive acquisitions; current valuation appears highly attractive relative to its growth and ROIC profile."

For an analyst ratings summary and ratings history on Andersen Group click here. For more ratings news on Andersen Group click here.

Shares of Andersen Group closed at $24.29 yesterday.

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