Lazard shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $36 to $43.
Portfolio Pulse from Benzinga Newsdesk
Lazard's stock has been upgraded from Equal-Weight to Overweight by Morgan Stanley, which also raised its price target from $36 to $43. This has resulted in Lazard shares trading higher.
July 12, 2023 | 5:37 pm
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Lazard's stock has been upgraded by Morgan Stanley, leading to an increase in its share price. The price target has also been raised from $36 to $43.
The upgrade from Morgan Stanley is a positive signal to the market, indicating a bullish outlook for Lazard. This has led to an increase in the share price. The raised price target also suggests that Morgan Stanley believes the stock has further growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100