Piper Sandler analyst Crispin Love upgraded SEI Investments (SEIC) to Overweight from Neutral with a price target of $102, up from $93, as part of a Q4 preview for the asset management group. Deal activity has begun to recover, but private credit has dominated headlines as investors worry about a potential surge in defaults, the analyst tells investors in a research note. Piper believes the concerns are overstated, saying fundamentals are “solid” with loan- to-value ratios in the 30%-40% range, “providing substantial cushion against losses.” The firm believes SEI will be a “clear beneficiary” of the expanding alternatives landscape. The company is seeing accelerating sales wins and will capitalize on this secular growth trend into 2026, Piper contends.
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