Perella Weinberg Partners price target lowered to $22 from $24 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Perella Weinberg Partners (PWP) to $22 from $24 and keeps an Outperform rating on the shares. Messaging was relatively consistent across the industry as the recent market volatility has led to a slowdown in completed deals, but management teams remain upbeat, the analyst tells investors in a research note.