Keefe Bruyette raised the firm’s price target on Hamilton Lane to $135 from $118 and keeps a Market Perform rating on the shares. The company posted a strong fiscal Q4, driven by performance fees and supported by strong fundraising, the analyst tells investors in a research note. The firm says momentum continues to build at the franchise, with continued success in expanding institutional fund offerings and additional platforms for Hamilton’s Evergreen products. However, Keefe sees limited share upside from here.
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