Hamilton Lane upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Hamilton Lane (HLNE) to Buy from Neutral with a $165 price target The firm says the company offers exposure to the fastest-growing segments of alternative asset management: wealth and secondaries. Hamilton Lane’s recent product expansion, its Guardian relationship, and a higher institutional demand for Evergreen vehicles brings a “much more durable” growth profile going forward, the analyst tells investors in a research note. Goldman sees “compelling” valuation upside from current shared levels.