Lazard price target raised to $57 from $46 at Keefe Bruyette

Keefe Bruyette raised the firm’s price target on Lazard (LAZ) to $57 from $46 and keeps a Market Perform rating on the shares 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.