P10 price target lowered to $14.50 from $15 at JPMorgan

JPMorgan lowered the firm’s price target on P10 (PX) to $14.50 from $15 and keeps an Overweight rating on the shares. P10 reported Q1 ANI per share of 20c, missing the Bloomberg consensus of 21c but in line with the firm’s estimate, the analyst tells investors. The firm saw the print as “mixed, with various puts and takes,” but continues to like the growth story for P10, noting that its price target decrease reflects a lower average fee rate than previously modeled.