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Goldman Sachs Reaffirms Their Sell Rating on Lazard (LAZ)

Tipranks - Tipranks - Wed May 20, 7:24AM CDT

Goldman Sachs analyst James Yaro maintained a Sell rating on Lazard today and set a price target of $45.00.

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According to TipRanks, Yaro is a 4-star analyst with an average return of 10.7% and a 60.68% success rate. Yaro covers the Financial sector, focusing on stocks such as Evercore Partners, Jefferies, and Galaxy Digital.

In addition to Goldman Sachs, Lazard also received a Sell from Morgan Stanley’s Ryan Kenny in a report issued on May 4. However, on May 5, Argus Research maintained a Buy rating on Lazard (NYSE: LAZ).

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Based on Lazard’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $771.59 million and a net profit of $100.92 million. In comparison, last year the company earned a revenue of $657.5 million and had a net profit of $60.38 million

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