trending Market Intelligence /marketintelligence/en/news-insights/trending/qFsjrbIK-6EAJEiTdz5SuQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

BofA Merrill Lynch upgrades Houlihan Lokey to 'buy'

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


BofA Merrill Lynch upgrades Houlihan Lokey to 'buy'

Bank of America Merrill Lynch analyst Michael Needham upgraded investment bank Houlihan Lokey Inc. to "buy" from "neutral."

In upgrading the stock, Needham wrote that the risk/reward is attractive considering Houlihan Lokey has the largest restructuring business in the industry. He also thinks that its shares have been too battered on fears that the M&A cycle is ending.

Houlihan Lokey has a strong balance sheet and its corporate finance business is seeing healthy trends in its growth, according to the analyst.

The investment bank's price objective was increased to $47 from $46.