JMP Securities Maintains Market Outperform on Lazard, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Devin Ryan has maintained a 'Market Outperform' rating on Lazard (NYSE:LAZ), but lowered the price target from $53 to $50.
October 10, 2023 | 4:25 pm
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Lazard's price target has been lowered from $53 to $50 by JMP Securities, though the 'Market Outperform' rating is maintained.
The news is directly about Lazard and its price target. While the lowering of the price target might seem negative, the maintenance of the 'Market Outperform' rating indicates that the analyst still has a positive outlook on the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100