Houlihan Lokey price target raised to $201 from $200 at Morgan Stanley

Morgan Stanley analyst Ryan Kenny raised the firm’s price target on Houlihan Lokey (HLI) to $201 from $200 and keeps an Underweight rating on the shares. The “capital markets beat & raise theme from Large Cap Bank earnings is now playing out at the Midcap Advisors,” as evidenced by Houlihan Lokey having delivered “a high quality” 9% adjusted EPS beat across the board, the analyst tells investors.