Houlihan Lokey price target lowered to $146 from $148 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Houlihan Lokey to $146 from $148 and keeps an Equal Weight rating on the shares. The firm is lowering its FY25 and FY26 EPS forecasts by about 6% and 1% to $5.39 and $7.31, respectively, mainly on lower Advisory revenues, offset by lower comp expenses.