Deutsche Bank initiated coverage of Houlihan Lokey (HLI) with a Hold rating and $210 price target The firm sees more share upside in Houlihan’s “pro-cyclical peers” that offer greater exposure to large-cap merger and acquisitions. The company’s limited involvement in “big-ticket” deals and higher revenue share from less cyclical segments limit its earning growth during bull markets, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HLI:
- Houlihan Lokey initiated with a Hold at Detwiler Fenton
- Houlihan Lokey Expands Board, Appoints New Director
- Houlihan Lokey: Strategic Positioning and Growth Potential in Mid-Market M&A and Restructuring
- Houlihan Lokey initiated with an Outperform at BMO Capital
- Houlihan Lokey Holds Annual Stockholder Meeting