Nomura Securities Starts Lazard (LAZ) at Neutral

January 9, 2014 8:27 AM EST Send to a Friend
Get Alerts LAZ Hot Sheet
Price: $50.01 +0.10%

Rating Summary:
    10 Buy, 3 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 28 | New: 51
Trade LAZ Now!
Join SI Premium – FREE
Nomura Securities initiates coverage on Lazard (NYSE: LAZ) with a Neutral. PT $47.00.

"LAZ has made good progress improving efficiency and has produced share gains in Advisory, even though European M&A (where LAZ is more exposed) has been significantly weaker than other regions," analyst Steven Chubak states. "However, we believe future earnings growth from cost initiatives / margin progress is already reflected in the current valuation, supporting our Neutral rating. FY13E EPS at $1.73; FY14E EPS at $2.5."

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 $45.41 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage

Related Entities

Lazard, Nomura, Earnings

Add Your Comment