Hamilton Lane price target lowered to $154 from $169 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Hamilton Lane (HLNE) to $154 from $169 and keeps an Equal Weight rating on the shares. The firm updated its price targets for Alternative Asset Mgrs, North America under its coverage, the analyst tells investors. While credit concerns will likely dominate near-term market valuations, capital markets rebound is on track, the firm adds.