LAZ Related Downgrades
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Buckingham Research Downgrades Lazard (LAZ) to Neutral
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Keefe, Bruyette & Woods Downgrades Lazard (LAZ) to Market Perform
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JMP Securities Downgrades Lazard (LAZ) to Market Perform
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Rochdale Securities Downgrades Lazard (LAZ) to Overvalued
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BofA/Merrill Lynch Downgrades Lazard (LAZ) to Underperform
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BofA/Merrill Lynch Downgrades Lazard (LAZ) to Neutral
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Citi Downgrades Lazard (LAZ) to Neutral
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Ticonderoga Downgrades Lazard (LAZ) to Neutral
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Rochdale's Dick Bove Cuts Lazard (LAZ) to Neutral, Target Lowered to $43
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UPDATE - Ticonderoga Downgraded Greenhill (GHL) to Sell; Fixed Cost Burden More Clear; Lowering Estimates
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Ticonderoga Securities Downgrades Greenhill (GHL) to Neutral; Valuation Call - Prefer LAZ
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Goldman Lowers Mid-Cap Broker Sector to Neutral; Also Downgrades Lazard (LAZ)
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Oppenheimer Downgrades Lazard Ltd (LAZ) to Perform
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Fox Pitt Downgrades Lazard Ltd (LAZ) to In-Line
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Credit Suisse Downgrades Lazard Ltd (LAZ) to Neutral
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Merrill Lynch Downgrades Lazard (LAZ) to Neutral
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StreetInsider.com Notable Analyst Rating Changes 10/12
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Citigroup Downgrades Lazard Ltd (LAZ) to Hold
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Goldman Sachs downgrades Lazard Ltd. (LAZ) to In-Line
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Morgan Stanley Downgrades LAZ
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