Houlihan Lokey price target raised to $185 from $170 at Wells Fargo

Wells Fargo raised the firm’s price target on Houlihan Lokey (HLI) to $185 from $170 and keeps an Overweight rating on the shares. The firm says the defense and offense delivered this quarter, with all three businesses topping consensus. Commentary suggests pace of activity still chugging along fine and RX outlook bright, Wells adds.