Wells Fargo raised the firm’s price target on Lazard (LAZ) to $52 from $50 and keeps an Equal Weight rating on the shares. The firm’s update reflects final reported Q2 EOP assets under management. Based on this update, Wells’ Q2 EPS moves to 35c from 34c, 2025 EPS moves to $2.15 from $2.10, and its 2026 and 2027 EPS estimates increase by 10c each to $4.10 and $4.60, respectively.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAZ:
- Cautious Outlook on Lazard: Sell Recommendation Amid Potential Volatility and Overvaluation Concerns
- Lazard price target raised to $60 from $55 at Citizens JMP
- Lazard price target raised to $57 from $46 at Keefe Bruyette
- Lazard reports $248.4B assets under management as of June 30
- Lazard price target raised to $45 from $33 at Morgan Stanley