Hamilton Lane price target lowered to $161 from $166 at Wells Fargo

Wells Fargo lowered the firm’s price target on Hamilton Lane (HLNE) to $161 from $166 and keeps an Equal Weight rating on the shares. The firm says that recent strength set a high bar, and Q4 was not as bad as the stock reaction, though seeing through some noisy elements was a challenge. Yet, decelerating fee AUM and unclear FRPR path might lead investors to “wait and see,” Wells adds.