Patria Investments price target raised to $15 from $14 at BofA

BofA raised the firm’s price target on Patria Investments (PAX) to $15 from $14 and keeps a Neutral rating on the shares. Following results, the firm raised its 2026 and 2027 EPS estimates to $1.41 and $1.86 from $1.34 and $1.78, respectively, driven by slightly higher management fees and lower expenses, partially offset by lower near-term performance related earnings.