Perella Weinberg Partners (PWP) PT Lowered to $29 at Citizens JMP

Citizens JMP analyst Devin Ryan lowered the price target on Perella Weinberg Partners (NASDAQ: PWP) to $29.00 (from $33.00) while maintaining a Market Outperform rating.

The analyst commented, “We are generally sticking with the stocks that we view as core portfolio holdings for the long -term. Clearly every investor will have a different risk tolerance and be looking to solve for different equations in their individual portfolios, but when we take a step back and think about core portfolio positions, our favorite stocks that we view as secular winners have not changed much.”

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