GCM Grosvenor price target raised to $12.50 from $11.50 at Piper Sandler

Piper Sandler analyst Crispin Love raised the firm’s price target on GCM Grosvenor (GCMG) to $12.50 from $11.50 and keeps a Neutral rating on the shares. The firm notes GCM reported a slight core beat relative to its estimate and the Street. In addition, fee related earnings came in above Piper’s estimate.