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Fly News Breaks for July 11, 2019
HLNE
Jul 11, 2019 | 05:12 EDT
Keefe Bruyette analyst Robert Lee downgraded Hamilton Lane to Underperform from Market Perform while raising his price target for the shares to $53 from $49. The analyst believes Hamilton Lane's valuation has "gotten stretched" with the shares trading at 29.2 times his 2020 ANI estimate.
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