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Lazard (LAZ) Receives a Buy from Argus Research

Tipranks - Tipranks - Wed Feb 4, 9:06AM CST

Argus Research analyst Stephen Biggar maintained a Buy rating on Lazard yesterday and set a price target of $63.00.

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Biggar covers the Financial sector, focusing on stocks such as Truist Financial, Capital One Financial, and Invesco. According to TipRanks, Biggar has an average return of 17.4% and a 70.46% success rate on recommended stocks.

In addition to Argus Research, Lazard also received a Buy from TipRanks – Google’s Google Financial – Capital Markets in a report issued today. However, on the same day, TipRanks – xAI reiterated a Hold rating on Lazard (NYSE: LAZ).

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Based on Lazard’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $763.1 million and a net profit of $71.25 million. In comparison, last year the company earned a revenue of $792.41 million and had a net profit of $107.94 million

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