UBS Maintains Buy on Houlihan Lokey, Raises Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has reaffirmed a Buy rating on Houlihan Lokey (NYSE:HLI) and increased the price target from $124 to $136. This adjustment reflects a positive outlook on the company's stock.
January 09, 2024 | 3:49 pm
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POSITIVE IMPACT
UBS analyst Brennan Hawken maintains a Buy rating on Houlihan Lokey and raises the price target to $136, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Brennan Hawken suggests a strong conviction in the company's future performance. This typically leads to increased investor confidence and can result in a short-term uptick in the stock price as market participants adjust their valuations to align with the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100