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Hamilton Lane Growth Outlook Sharpens With Wealth Strategy Gains

Hamilton Lane Inc.'s (NASDAQ:HLNE) growing foothold in the retail wealth channel and stronger fee growth prospects prompted Goldman Sachs to raise its stance on the alternative asset manager, even as it cautioned that valuation leaves limited room for upside. The bank upgraded the stock to Neutral from Sell and lifted its 12-month price forecast to $162. Analysts led by Alexander Blostein said Hamilton Lane's evergreen and private wealth strategies are expected to account for more than half of management f ...