Piper Sandler analyst Sumeet Mody raised the firm’s price target on GCM Grosvenor to $10 from $9 and keeps an Overweight rating on the shares. The analyst continues to like GCM following the Q2 earnings report, despite the “more muted near-term outlook which has impacted the entire peer group.”
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Read More on GCMG:
- GCM Grosvenor Reports Second Quarter 2023 with Private Markets Fee-Paying AUM Increasing 12% From Q2 2022 and $1.5 billion of Fundraising; Firm Increases Share Repurchase Plan to $115 million
- GCM Grosvenor reports Q2 revenue $197.613M, consensus $102.97M
- GCM Grosvenor to Announce Second Quarter 2023 Financial Results and Host Investor Conference Call on August 9, 2023
