Hamilton Lane price target raised to $169 from $163 at Wells Fargo

Wells Fargo analyst Michael Brown raised the firm’s price target on Hamilton Lane (HLNE) to $169 from $163 and keeps an Equal Weight rating on the shares. The firm notes Q3 was solid and Hamilton Lane remains well positioned as a solutions provider in vibrant private markets. Concerns about evergreen growth proved to be overdone and stock comp manageable, Wells adds. But at current valuation levels, the firm is staying on the sidelines.