GCM Grosvenor price target raised to $13 from $12.50 at TD Cowen

TD Cowen raised the firm’s price target on GCM Grosvenor (GCMG) to $13 from $12.50 and keeps a Hold rating on the shares. The firm attended its investor day that highlighted accelerating growth and expanded 2028E KPIs to include $1.20+ ANI target and several longer term guideposts. Cowen generally views the update favorably, though the expanded 2028E ANI guide is in line with their recent forecast.