Patria Investments price target lowered to $17 from $20 at BofA

BofA analyst Craig Siegenthaler lowered the firm’s price target on Patria Investments to $17 from $20 and keeps a Neutral rating on the shares as part of a Q1 earnings preview note on Alternative Asset Managers. BofA expects Patria to reach the guided numbers with a fundraise in its PE VII and Infra V funds, the analyst tells investors in a research note.