Silvercrest Asset Management (SAMG) PT Lowered to $20 at Singular Research
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Rating Summary:
3 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 14 | Down: 50 | New: 9
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Singular Research analyst Chris Sakai lowered the price target on Silvercrest Asset Management (NASDAQ: SAMG) to $20.00 (from $22.00) while maintaining a Buy rating.
The analyst comments "SAMG delivered a weak quarter impacted by a challenging macro environment and higher expenses. Nevertheless, SAMG suggested an improved outlook for 2024 as equity market gains demonstrate signs of broadening, coupled with a high probability of rate cuts. We decrease our target price to $20.00 per share (earlier $22.00) and reiterate our Buy rating."
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