Keefe Bruyette analyst Alex Bond upgraded PJT Partners (PJT) to Outperform from Market Perform with a price target of $166, down from $180. The firm adjusted ratings in the asset managers and solutions providers space as part of a Q1 preview. Keefe prefers advisors with above-average exposure to large-cap and strategic mergers and acquisitions. Advisors most active in the large-cap strategic portion of the market are best positioned to generate stronger announcement activity, the analyst tells investors in a research note.
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