AssetMark Financial price target lowered to $25 from $30 at Jefferies

Jefferies analyst Daniel Fannon lowered the firm’s price target on AssetMark Financial to $25 from $30 and keeps a Hold rating on the shares. Ahead of Q3 reports from the U.S. broker and wealth advisor group, the firm says its EPS estimates “were biased moderately lower” and notes that cash deposit levels “have yet to find a bottom.”