Cannae Holdings price target raised to $17 from $16 at RBC Capital

RBC Capital analyst Kenneth Lee raised the firm’s price target on Cannae Holdings (CNNE) to $17 from $16 and keeps an Outperform rating on the shares as part of a broader research note previewing Q1 results for asset managers. The firm notes that it still sees potential and ongoing industry consolidation for 2026, adding that M&A activity could be driven by asset managers’ desire to further diversify their investment strategy or increase economies of scale. Cannae is also reviewing strategic alternatives for its non-core restaurants business and plans to review other investments, including private investments, and while the management has made strides in disclosing more metrics around private investments, the firm will look for additional details to better value the investments, the analyst tells investors in a research note.