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Fly News Breaks for May 31, 2019
HLNE
May 31, 2019 | 07:29 EDT
Morgan Stanley analyst Michael Cyprys said he would be a buyer of Hamilton Lane shares amid the "overreaction" to its quarterly earnings miss, contending that the factors that drove the miss likely reversed in the new quarter. Outside of earnings, revenues, operating income and flows all beat consensus, noted Cyprys, who keeps an Overweight rating on Hamilton Lane shares and raised his price target to $60 to account for his increased calendar 2019 and 2020 EPS estimates.
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