AMK - AssetMark Financial stock jumps 4.6% after Raymond James upgrade

AssetMark Financial (AMK) stock gains 4.6% after Raymond James analyst Patrick O'Shaughnessy upgrades the company to Strong Buy from Outperform as it has "lapped several macro and on-off headwinds."Sees risk/reward as "compelling.""With shares trading at just 16.3x 2022 non-GAAP EPS estimate we expect strong EPS growth to be paired with multiple expansion, leading to significant investment upside," O'Shaughnessy wrote in a note to clients.His rating clashes with the Bearish Quant rating and is  more optimistic than the average Wall Street rating of Neutral (3 Bullish, 4 Neutral).SA contributor Donovan Jones would like to get a clearer view of the pandemic's effect on AMK's operations before recommending the stock.

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AssetMark Financial stock jumps 4.6% after Raymond James upgrade