Lazard price target raised to $45 from $40 at Goldman Sachs

Goldman Sachs analyst James Yaro raised the firm’s price target on Lazard (LAZ) to $45 from $40 and keeps a Sell rating on the shares. Earnings estimates and price targets for investment banks were modestly adjusted based on final Dealogic data, reflecting slight increases in M&A and debt capital markets activity with equity capital markets unchanged, the analyst tells investors in a research note.