Piper Sandler assumed coverage of GCM Grosvenor with a Neutral rating and $10 price target. The firm notes GCM is an alternative asset manager with increased focus on private markets, but also exposure in absolute return strategies. It has high portion of fee revenues relative to peers, which is attractive, while outlook for incentive fees is uncertain but could improve as deal activity returns, Piper adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GCMG:
- GCM Grosvenor, Stablewood form JV to fund STNL retail developments
- GCM Grosvenor Reports Third Quarter 2023 Earnings Results
- GCM Grosvenor reports Q2 revenue $107.6M bs $104.4M last year.
- GCM Grosvenor Customized Infrastructure Strategies III holds final close
- GCM Grosvenor Customized Infrastructure Strategies III Fund Holds Final Close as Firm Continues to See Strong Demand for Infrastructure Investments
