Houlihan Lokey upgraded to Outperform from Market Perform at Keefe Bruyette

Keefe Bruyette analyst Alex Bond upgraded Houlihan Lokey (HLI) to Outperform from Market Perform with a price target of $232, up from $185, following a transfer of coverage. The firm believes the merger and acquisition environment should continue to improve gradually throughout the second half of the year. While policy and geopolitical uncertainty remain a risk, deal pipelines are still near all-time highs, the analyst tells investors in a research note.