BUZZ - Jefferies raises target price, Pershing Square shares surge
路透社2026/10/06 16:41October 6th - Alternative asset management company Pershing Square (PS.N) shares rose 7.49% to $58.98. Jefferies raised its target price from $38 to $58 and maintained a "Hold" rating, stating that performance-based fees are expected to continue rising next year. According to data compiled by London Stock Exchange Group (LSEG), 9 out of 10 brokers give the stock a "Buy" or higher rating, and one gives a "Hold" rating; the median target price is $42. The current price-to-earnings ratio is 64.03 times expected earnings per share for the next 12 months, far above the industry median of 10.97 times. As of the previous trading day's close, PS has risen 145.4% since its IPO in April.
October 6 - ** Alternative asset management firm Pershing Square PS.N shares rose 7.49% to $58.98
** Jefferies raised its target price from $38 to $58 and maintained a “Hold” rating
** Stated that performance-based fees are expected to continue rising next year
** According to data compiled by London Stock Exchange Group (LSEG), out of 10 brokers, 9 give the stock a “Buy” or higher rating, and 1 gives a “Hold” rating; median target price is $42
** The current P/E ratio of the stock is 64.03 times the expected earnings per share for the next 12 months, far above the industry median of 10.97 times
** As of the close of the previous trading day, PS has gained 145.4% cumulatively since its initial public offering (IPO) in April
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