Piper Sandler analyst Sumeet Mody raised the firm’s price target on Silvercrest Asset Management to $23 from $21 and keeps an Overweight rating on the shares. Though adjusted EPS came in below the firm’s forecast, Piper continues to like Silvercrest Asset coming out of earnings relative to peers given its more institutionally focused business with "stickier" high net-worth clients, the analyst tells investors.
Published first on TheFly
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