TD Cowen Reiterates Buy Rating on GCM Grosvenor Inc. (GCMG)

TD Cowen analyst Bill Katz reiterated a Buy rating and $14.00 price target on GCM Grosvenor Inc. (NASDAQ: GCMG).

The analyst commented ,"There was much to like within GCMG's Real Asset deep dive (see preview here) held in NYC on 9/11. The update reinforced: 1) multiple favorable mix shift drivers remain intact; 2) ongoing migration to higher impact "Direct" investing strategies; 3) we may be low on our asset gathering assumption into 2H24/25E; & 4) we remain confident GCMG hit its 2x FRE '28E vs. 23A growth goal. Affirm Buy."

For an analyst ratings summary and ratings history on GCM Grosvenor Inc. click here. For more ratings news on GCM Grosvenor Inc. click here.

Shares of GCM Grosvenor Inc. closed at $10.74 yesterday.

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