P10 price target lowered to $13 from $14 at Barclays

Barclays lowered the firm’s price target on P10 (PX) to $13 from $14 and keeps an Overweight rating on the shares as part of a Q3 preview for the alternative asset managers. The firm says concerns about credit performance and private equity exits have meaningfully impacted shares in the sector. These concerns are overblown, the analyst tells investors in a research note.