Lazard, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Ryan Kenny from Morgan Stanley maintained a Sell rating on the stock and has a $61.00 price target.
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Ryan Kenny has given his Sell rating due to a combination of factors impacting Lazard’s financial outlook. The primary reason for this rating is the reduction in earnings estimates for the upcoming years, driven by a decline in Asset Management revenue. Despite efforts to offset this decrease with lower compensation expenses, the overall impact on earnings per share (EPS) for 2025, 2026, and 2027 remains negative.
Furthermore, the price target for Lazard has been adjusted downward by $1, reflecting a 2% decrease. This adjustment is based on applying a price-to-earnings ratio of 10.5 times to the 2027 EPS, aligning with the current valuation assessments. These factors collectively suggest a less favorable risk-reward profile for Lazard, leading to the Sell rating recommendation.