Citi raises Partners Group stock price target, maintains Buy rating amid growth potential By Investing.com
On Friday, Citi analyst Nicholas Herman adjusted the price target for Partners Group Holding AG (PGHN:SW) (OTC: PGPHF), increasing it to CHF1,480 from the previous CHF1,290. The firm continues to endorse the stock with a Buy rating.
Herman’s analysis points to anticipated positive developments for the company in the upcoming year, including a rebound in fee margins starting in the second half of 2024, a faster growth in fee-paying assets under management (FPAUM) compared to the sector, and potential earnings surpassing consensus expectations due to higher performance fees and increased assets under management from fiscal year 2026 onwards.
The report suggests that Partners Group is in a unique position to penetrate the U.S. wealth…
