Stepstone Group price target lowered to $27 from $32 at Barclays

Barclays analyst Benjamin Budish lowered the firm’s price target on Stepstone Group to $27 from $32 and keeps an Equal Weight rating on the shares. StepStone reported a fiscal Q2 earnings miss, and on the call, laid out some headwinds expected to impact near-term margins, many of which are related to timing, the analyst tells investors in a research note.