JPM says Hamilton Lane faces "limited risk" from banking sector stress; upgrades

Hamilton Lane Incorporated

15/03/2023 06:58

** J.P.Morgan upgrades asset manager Hamilton Lane Inc
 HLNE.O  to "overweight" from "neutral"
    ** Says there is limited risk to HLNE's earnings from the
current regional banking sector stress
    ** "We continue to see the alternative asset management
segment having attractive growth prospects given the secular
tailwinds to alternative investing" - JPM
    ** Sees solid growth prospects in the mid-teens continuing
over the next 12 months
    ** One of seven brokerages rate the stock "buy" and six
"hold"; their median PT is $78.50 - Refinitiv
    ** Shares up around 3% so far this year

 (Reporting by Subhadeep Chakravarty in Bengaluru)
 ((subhadeep.chakravarty@thomsonreuters.com))