UBS analyst Michael Brown assumed coverage of Stepstone Group (STEP) with a Buy rating and $60 price target The firm says Stepstone is a “secular alternatives winner being masked by near-term private markets noise.” The company is a global, multi asset alts manager and solutions provider, differentiated by proprietary data that drives investment selection, the analyst tells investors in a research note. UBS believes Stepstone’s wealth business is diversified, not private credit led, and continues to outperform peers.
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