PJT Partners price target raised to $129 from $109 at Wolfe Research

Wolfe Research raised the firm’s price target on PJT Partners (PJT) to $129 from $109 and keeps an Underperform rating on the shares as part of a 2025 playbook for the brokers, asset managers, and exchanges. The firm is “getting selective as valuations look stretched.” After a “banner year” for financials, Wolfe is most positive on names with secular growth stories and exposure to “Trump tailwinds,” the analyst tells investors in a research note.