Perella Weinberg Partners price target raised to $33 from $30 at JMP Securities

JMP Securities raised the firm’s price target on Perella Weinberg Partners (PWP) to $33 from $30 and keeps an Outperform rating on the shares amid a broader research note on Financial Services companies. The firm is currently optimistic around the potential for a building recovery in the Capital Markets and generally anticipate a more favorable operating environment for Financial Services and FinTech companies with additional momentum as policy and regulatory details take shape from the incoming administration, the analyst tells investors in a research note. Perella Weinberg is one of the firm’s top four stock ideas where the risk/reward is viewed as most compelling.