Keefe, Bruyette & Woods Downgrades Lazard (LAZ) to Market Perform

Go back to Keefe, Bruyette & Woods Downgrades Lazard (LAZ) to Market Perform

UBS Starts Lazard (LAZ) at Sell

October 9, 2012 7:47 AM EDT

UBS initiates coverage on Lazard (NYSE: LAZ) with a Sell. PT $25.00.

The firm comments, "While we like the relative stability in LAZ's revenue streams, LAZs advisory business is mature and does not have the same market share opportunities as peers. Further,... More