Goldman Sachs analyst James Yaro downgraded PJT Partners to Neutral from Buy with a price target of $99, down from $108. The analyst still sees a robust long-term earnings growth trajectory for PJT. However, the firm expects a challenging 2024, with the least revenue growth of the peers, driven by PJT’s greater skew to restructuring and fundraising advisory “that have less growth potential than M&A, and weak M&A backlog trends.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on PJT:
- PJT Partners downgraded to Underperform from Peer Perform at Wolfe Research
- Alkermes, Armstrong World, National Healthcare, PJT Partners to join S&P 600
- Seaport downgrades PJT Partners on ‘too rich’ valuation
- PJT Partners downgraded to Neutral from Buy at Seaport Research
- PJT Partners officer Lee Ji-Yeun sells over $897K in company shares
