Wells Fargo analyst Michael Brown lowered the firm’s price target on Hamilton Lane (HLNE) to $147 from $152 and keeps an Equal Weight rating on the shares. The firm says that Q1 results should be decent for the asset managers/brokers group, but the focus is now on what’s to come. In Wells’ coverage, there are few places to hide from the tariff storm. Alts are nearing levels that are tough to ignore, but stocks can overshoot to the downside, the firm adds.
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Read More on HLNE:
- Hamilton Lane partners with Dalan Real Estate to acquire $74M NYC portfolio
- Hamilton Lane price target lowered to $152 from $169 at Wells Fargo
- Hamilton Lane 1.57M share Spot Secondary priced at $160.25
- Hamilton Lane 1.57M share Spot Secondary; price range $160.00-$166.39
- Hamilton Lane announces offering of 1.57M shares of Class A common stock
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