Morgans marks-to-market forecasts for ASX-listed fund managers under its coverage following strength in global equities and the Australian dollar in the 4Q of 2022.

In order, the broker prefers GQG Partners, Pinnacle Investment Management and Magellan Financial.

Add-rated GQG Partners has an attractive valuation in relation to its quality of earnings and growth alternatives, according to the analysts.

The target slips to $1.91 from $1.93.

Sector: Diversified Financials.

Target price is $1.91.Current Price is $1.52. Difference: $0.39 - (brackets indicate current price is over target). If GQG meets the Morgans target it will return approximately 20% (excluding dividends, fees and charges - negative figures indicate an expected loss).

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