JMP Securities analyst Devin Ryan raised the firm’s price target on Perella Weinberg Partners to $22 from $18 and keeps an Outperform rating on the shares. Momentum is still positive for the firm’s Capital Markets & FinTech coverage, but JMP Securities sees less room for error after its revaluation higher, the analyst tells investors in a research note. Perella Weinberg remains top of the list within the Independent Investment Banks, JMP says.
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