Goldman Sachs Resumes Lazard (LAZ) at Neutral
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/26/2026
- Equities end higher as Anthropic's IPO filing buoys AI stocks
- Anthropic files for Nasdaq IPO as revenue jumps to $16.3 billion
- Meta reverses losses to rise as investors weigh $35 billion AI funding plan
- Post-election relief ahead for markets, says Morgan Stanley
- Musk says SpaceX raised $40 billion in debt, warns of neocloud collapse
Tweet
Share
E-mailGet Alerts LAZ Hot Sheet
Price: $37.70 +1.32%
Rating Summary:
8 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 56
Rating Summary:
8 Buy, 9 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 24 | New: 56
Join SI Premium – FREE
Goldman Sachs resumes coverage on Lazard (NYSE: LAZ) with a Neutral rating and $24.50 price target.
Cyclical pressures and in-line valuation leave little upside, the firm said.
The analyst comments, "The mature nature of LAZ's advisory business suggests top-line recovery will be more a function of the M&A cycle, as market share gains have been limited (advisory revenue CAGR of 7% since 2004, closer to BB peers). With LAZ’s 2Q announcements run-rate down 75% from last 3-quarter average and a greater exposure to Europe (about 40%), we expect near-term results to be under pressure."
For an analyst ratings summary and ratings history on Lazard click here. For more ratings news on Lazard click here.
Shares of Lazard closed at $25.23 yesterday.
Cyclical pressures and in-line valuation leave little upside, the firm said.
The analyst comments, "The mature nature of LAZ's advisory business suggests top-line recovery will be more a function of the M&A cycle, as market share gains have been limited (advisory revenue CAGR of 7% since 2004, closer to BB peers). With LAZ’s 2Q announcements run-rate down 75% from last 3-quarter average and a greater exposure to Europe (about 40%), we expect near-term results to be under pressure."
For an analyst ratings summary and ratings history on Lazard click here. For more ratings news on Lazard click here.
Shares of Lazard closed at $25.23 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lazard (LAZ) Reiterated at Market Outperform by Citizens Despite Q3 Miss
- Piper Sandler Assumes ConocoPhillips (COP) at Neutral
- LAZARD GLOBAL TOTAL RETURN AND INCOME FUND DECLARES MONTHLY DISTRIBUTION AND ISSUES ESTIMATED SOURCES OF THE DISTRIBUTION ANNOUNCED IN SEPTEMBER
Create E-mail Alert Related Categories
New CoverageRelated Entities
Goldman Sachs, LazardSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
