Goldman Sachs Downgrades Lazard to Sell, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Richard Ramsden has downgraded Lazard (NYSE:LAZ) from Neutral to Sell and lowered the price target from $37 to $32.
September 19, 2023 | 8:44 am
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Lazard's stock rating has been downgraded from Neutral to Sell by Goldman Sachs, with a reduced price target of $32.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards Lazard. The lowered price target suggests that Goldman Sachs expects Lazard's stock price to decrease in the short term.
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