Keefe, Bruyette & Woods Raise Numbers on Lazard Ltd (LAZ)

Keefe, Bruyette & Woods Raise Numbers on Lazard Ltd (LAZ)

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On Tuesday, analysts at Keefe, Bruyette & Woods increased the price target and earning estimates on financial advisory and asset management firm Lazard Ltd (LAZ) after its strong fourth-quarter revenue beat.

The analysts maintain a “Market Perform” rating on LAZ and now see shares reaching $37. This new target suggests a slight upside to Monday’s closing price of $36.50.

Lazard shares were up slightly during morning trading on Tuesday. The stock is up about +35% over the past year.

The Bottom Line
Shares of Lazard (LAZ) have a dividend yield of 2.19% based on last night’s closing price of $36.50 and the company’s annualized dividend payout of 80 cents per share.

Lazard Ltd (LAZ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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