BUZZ - StepStone shares surge as Wells Fargo initiates coverage with an “Overweight” rating

October 2 - ** StepStone Group (STEP.O), a private market investment company, saw its share price rise 2.1% to $45.67 after Wells Fargo initiated coverage.

** The broker gave STEP an "Overweight" rating with a target price of $55.

** The institution stated that, as demand for alternative investments grows, the company’s strong position in private wealth management secures it a solid competitive edge.

** Out of 10 brokers, 9 rate the stock "Buy" or above, and 1 rates it "Hold"; the median target price is $63—data compiled by LSEG.

** STEP has dropped 28.90% so far this year.

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