Morgan Stanley analyst Michael Cyprys raised the firm’s price target on Stepstone Group (STEP) to $72 from $66 and keeps an Equal Weight rating on the shares. Ramping deal activity should be supportive for the alternative asset managers into Q4 and 2026, says the analyst, who raised EPS estimates by 4% and 1% ahead of consensus on average among the group as part of the firm’s Q4 earnings preview.
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