The Analyst Verdict: Lazard In The Eyes Of 4 Experts
Portfolio Pulse from Benzinga Insights
In the past three months, four analysts have provided ratings for Lazard (NYSE:LAZ), ranging from bullish to bearish. The average 12-month price target is $51.25, with a high of $58.00 and a low of $44.00. Recent actions include Morgan Stanley lowering its target from $58.00 to $54.00 and Keefe, Bruyette & Woods lowering from $51.00 to $49.00. Lazard has shown strong revenue growth but faces challenges with net margins and high debt levels.
June 21, 2024 | 4:01 pm
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Lazard has received mixed ratings from analysts, with an average 12-month price target of $51.25. Recent actions include Morgan Stanley lowering its target from $58.00 to $54.00 and Keefe, Bruyette & Woods lowering from $51.00 to $49.00. Despite strong revenue growth, Lazard faces challenges with net margins and high debt levels.
The mixed ratings and recent target reductions by major firms like Morgan Stanley and Keefe, Bruyette & Woods suggest a neutral short-term impact on Lazard's stock price. While the company shows strong revenue growth, challenges with net margins and high debt levels may offset positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100