Wells Fargo lowered the firm’s price target on Hamilton Lane (HLNE) to $152 from $169 and keeps an Equal Weight rating on the shares. The firm sees greatest impact for episodic fee streams from macro and cap markets uncertainty, but long-term outlook remains upbeat, and valuations are more attractive after year-to-date underperformance.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLNE:
- 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
- Morgan Stanley would buy alternative asset managers on ‘overdone’ weakness
- Hamilton Lane Inc Reports Strong Growth Despite Challenges