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Perella Weinberg downgraded to Market Perform from Outperform at Keefe Bruyette

Perella Weinberg downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette downgraded Perella Weinberg Partners (PWP) to Market Perform from Outperform with a price target of $23, up from $22, following a transfer of coverage. The firm believes the merger and acquisition environment should continue to improve gradually throughout the second half of the year. While policy and geopolitical uncertainty remain a risk, deal pipelines are still near all-time highs, the analyst tells investors in a research note. Keefe upgraded Houlihan Lokey and downgraded Perella Weinberg with the analyst change.
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