Morgan Stanley Reiterates Overweight on Lazard, Maintains $43 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny has reiterated an Overweight rating on Lazard (NYSE:LAZ) and maintained a $43 price target.
July 14, 2023 | 3:01 pm
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Morgan Stanley has reiterated an Overweight rating on Lazard, maintaining a $43 price target. This could potentially boost investor confidence in the stock.
Analyst ratings and price targets can significantly influence investor sentiment and stock prices. An Overweight rating suggests that the analyst believes the stock will outperform its sector in the next 12 months. Maintaining a $43 price target indicates that the analyst sees potential for the stock's price to rise to this level. This could lead to increased investor confidence in Lazard, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100