P10 downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette downgraded P10 to Market Perform from Outperform with a price target of $10, down from $12. The company’s 2024 guidance points to a weaker outlook than previously anticipated, the analyst tells investors in a research note. The firm says 2024 is shaping up to be a transitional year for P10, and therefore it expects the shares to be range bound until an inflection in the growth and/or margin profile emerges.