UBS Starts Greenhill (GHL) at Neutral

October 9, 2012 7:48 AM EDT Send to a Friend
Get Alerts GHL Hot Sheet
Price: $38.71 -2.44%

Rating Summary:
    4 Buy, 8 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 15 | Down: 38 | New: 13
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UBS initiates coverage on Greenhill (NYSE: GHL) with a Neutral rating and $52 price target.

The firm comments, "Greenhill is a well positioned pure-play advisory platform, generating peer-leading margins and attractive capital returns. After stumbling somewhat recently, losing some high profile producers, GHL has recently regained its stride, making key hires and restoring confidence in management's ability to execute. At this point the outlook is much more solid, although that is reflected in GHL's valuation."

For an analyst ratings summary and ratings history on Greenhill click here. For more ratings news on Greenhill click here.

Shares of Greenhill closed at $51.92 yesterday.

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