J.P. Morgan Sticks to Its Buy Rating for GCM Grosvenor (GCMG)

In a report released on November 11, Ken Worthington from J.P. Morgan maintained a Buy rating on GCM Grosvenor (GCMGResearch Report), with a price target of $9.00. The company’s shares closed last Friday at $8.87.

According to TipRanks, Worthington is a 3-star analyst with an average return of 1.2% and a 50.15% success rate. Worthington covers the Financial sector, focusing on stocks such as Charles Schwab, Blackrock, and Cboe Global Markets.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for GCM Grosvenor with a $9.13 average price target, representing a 2.93% upside. In a report released on November 11, Credit Suisse also maintained a Buy rating on the stock with a $10.00 price target.

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The company has a one-year high of $11.86 and a one-year low of $6.18. Currently, GCM Grosvenor has an average volume of 296.8K.

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CF Finance Acquisition Corp. is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. It intends to focus search on businesses that provide significant opportunities for attractive investor returns. The company was founded on July 9, 2014 and is headquartered in New York, NY.

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