Hamilton Lane upgraded to Overweight from Neutral at JPMorgan

JPMorgan analyst Kenneth Worthington upgraded Hamilton Lane (HLNE) to Overweight from Neutral with an unchanged price target of $166. The recent selloff in some alternative asset managers due to fears around private credit and the potential adverse impact of AI disintermediation may be overblown, the analyst tells investors in a research note. The firm says the 21% selloff in Hamilton Lane is unwarranted given the company’s limited exposure to the private credit market. Recent wealth flows show sustained strength through January for Hamilton, adds JPMorgan.