JP Morgan Downgrades Hamilton Lane to Neutral, Announces $115 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington downgrades Hamilton Lane (NASDAQ:HLNE) from Overweight to Neutral and sets a $115 price target.

April 11, 2024 | 11:47 am
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NEGATIVE IMPACT
Hamilton Lane downgraded by JP Morgan from Overweight to Neutral with a new price target of $115.
Downgrades by major financial institutions like JP Morgan can lead to a negative short-term impact on the stock price as market perception adjusts to the new rating. The setting of a specific price target provides a benchmark that could influence investor expectations and trading behavior.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100