Perella Weinberg Partners price target lowered to $29 from $33 at Citizens JMP

Citizens JMP lowered the firm’s price target on Perella Weinberg Partners (PWP) to $29 from $33 and keeps an Outperform rating on the shares. The recovery in Financial Services business momentum, like in Investment Banking, which started in 2024 and had been accelerating, is now in jeopardy, the analyst tells investors in a research note. Earnings season matters a lot less than the macro right now, the firm says.