UBS Maintains Buy on Houlihan Lokey, Lowers Price Target to $145
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken has maintained a Buy rating on Houlihan Lokey (NYSE:HLI) but lowered the price target from $157 to $145.
May 14, 2024 | 3:10 pm
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NEUTRAL IMPACT
UBS maintains a Buy rating on Houlihan Lokey but reduces the price target from $157 to $145, indicating a positive outlook with a slightly reduced valuation.
The maintenance of a Buy rating by UBS suggests a continued positive outlook on HLI, despite the reduction in price target. This adjustment in price target could reflect a recalibration of valuation metrics or a response to market conditions, but the underlying recommendation indicates confidence in the company's fundamentals. The short-term impact on the stock price could be neutral to slightly positive as the market digests the implications of a lower price target against the backdrop of a sustained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100