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Goldman Sachs Sticks to Its Sell Rating for Lazard (LAZ)
In a report released today, James Yaro from Goldman Sachs reiterated a Sell rating on Lazard, with a price target of $40.00.
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According to TipRanks, Yaro is a 4-star analyst with an average return of 11.0% and a 58.78% success rate. Yaro covers the Financial sector, focusing on stocks such as Robinhood, Galaxy Digital, and Lazard.
Currently, the analyst consensus on Lazard is a Hold with an average price target of $51.57.
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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