Hamilton Lane price target raised to $182 from $140 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Hamilton Lane to $182 from $140 and keeps an Equal Weight rating on the shares. The recovery of capital markets is on track and is set to re-accelerate the private markets flywheel, the analyst tells investors. While the conversion of deal pipelines is taking longer than expected due to softer exit activity driving Q3 estimate cuts, the firm is looking for management commentary and forward look to support the stocks.