2023-03-15 05:06:42 HLNE Hamilton Lane
03/15/23 03/1505:06 03/15/2305:06 | Hamilton Lane upgraded to Overweight from Neutral at JPMorganJPMorgan analyst Kenneth Worthington upgraded Hamilton Lane to Overweight from Neutral with an $85 price target. The company's earnings have been more resilient to the broader volatility of the public markets, the analyst tells investors in a research note. The firm sees Hamilton Lane as a "mid-cap growthier financial stock" that may provide an alternative to investing in what had been faster growing mid-cap banks, which are now subject to various operational and regulatory risks in the wake of the collapse of Silvergate, Silicon Valley and Signature banks. It sees limited risk for Hamilton given its "cautious/conservative approach" to managing its business and recommends taking advantage of the recent selloff. |
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