PJT Partners price target raised to $142 from $120 at JMP Securities

JMP Securities raised the firm’s price target on PJT Partners to $142 from $120 and keeps an Outperform rating on the shares. PJT Partners delivered an upside quarter and relatively consistent outlook as business conditions continue to improve, the analyst tells investors in a research note. PJT is well positioned to benefit from both the M&A recovery that is beginning to take shape, as well as a continuation of a strong environment for restructuring, the firm says.