Silvercrest Asset Management (SAMG) PT Lowered to $20 at Singular Research

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."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Freedom Broker Upgrades Serve Robotics (SERV) to Buy
• BofA Securities Resumes American Eagle Outfitters (AEO) at Underperform