Credit Suisse analyst Ari Ghosh has upgraded to "outperform"from "neutral," saying the company's stock is attractively valued at currentlevels.

The analyst said he expects a significant improvement in totalnet flows over the next few quarters. He noted that under the management of DorseyWright, outflows were reduced to about $300 million per quarter in 2016 comparedwith $1.7 billion in outflows per quarter in 2015. The analyst further expects highshare buyback activity over the next 18 months, saying share count is anticipatedto decline by 20% from the first quarter.

Ghosh also mentioned that the overall fund performance continuesto be solid.

The analyst raised his price target to $91.00 from $90.00. HisEPS estimates are $5.26 for 2016, $5.62 for 2017 and $6.72 for 2018.