In a report released yesterday, Manan Gosalia from Morgan Stanley maintained a Hold rating on Houlihan Lokey (HLI – Research Report), with a price target of $78.00. The company’s shares closed yesterday at $89.32.
Gosalia covers the Financial sector, focusing on stocks such as Lazard, Raymond James Financial, and Svb Financial Group. According to TipRanks, Gosalia has an average return of 5.6% and a 52.27% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Houlihan Lokey with a $88.00 average price target.
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HLI market cap is currently $6.12B and has a P/E ratio of 16.51.
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Houlihan Lokey, Inc. engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment handles the mergers and acquisitions; and capital markets advisory services. The Financial Restructuring segment manages the advisory services for large and complex restructurings. The Financial Advisory Services segment provides financial opinion and financial and strategic consulting services. The company was founded in 1972 and is headquartered in Los Angeles, CA.