{"id":31598,"date":"2023-07-05T08:11:05","date_gmt":"2023-07-05T12:11:05","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/lazard-ltd-risk-reward-now-more-balanced-wolfe-research\/"},"modified":"2023-07-05T08:11:06","modified_gmt":"2023-07-05T12:11:06","slug":"lazard-ltd-risk-reward-now-more-balanced-wolfe-research","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=31598","title":{"rendered":"Lazard Ltd. risk\/reward now more balanced &#8211; Wolfe Research"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. Lazard Ltd. (LAZ) risk\/reward now more balanced &#8211; Wolfe Research<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Lazard Ltd <\/span><\/span> . (NYSE:) was upgraded to Peer Perform from Underperform at Wolfe Research on Monday, with analysts lifting the price target on the stock to $32 from $28 per share.<\/p>\n<p>The analysts explained in their research note that they are upgrading the stock as part of their second-quarter M&amp;A preview.<\/p>\n<p>&#8220;We have been cautious on LAZ shares for some time given concerns that the street was underestimating both revenue and comp headwinds. However, with shares trading at a steep discount to peers on our normalized &#8217;25 EPS (~8.5x vs. peers ~13x), risk\/reward is looking more balanced,&#8221; wrote the analysts.<\/p>\n<p>The analysts believe the current valuation gap does not appear to be justified. LAZ shares rose over 2% on Monday, but the stock is down 7% in 2023.<\/p>\n<p>&#8220;While we understand concerns on the impact from LAZ&#8217;s recently announced headcount reductions on revenues, with our comp analysis suggesting that LAZ will be one of a select few names to reach its targeted comp range by 2025, we believe that it will prove to be a prudent decision in the long run,&#8221; they concluded.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/stock-market-news\/lazard-ltd-riskreward-now-more-balanced--wolfe-research-432SI-3118935\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. Lazard Ltd. (LAZ) risk\/reward now more balanced &#8211; Wolfe Research Lazard Ltd . (NYSE:) was upgraded to Peer Perform from Underperform at Wolfe Research on Monday, with analysts lifting the price target on the stock to $32 from $28 per share. The analysts explained in their research note that they are upgrading the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-31598","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Lazard Ltd. risk\/reward now more balanced - Wolfe Research | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Lazard Ltd. (LAZ) risk\/reward now more balanced - Wolfe Research Lazard Ltd . 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