Citizens Upgrades Houlihan Lokey to Market Outperform Based on Earnings Potential
Citizens upgraded its rating for Houlihan Lokey (HLI) from Market Perform to Market Outperform, citing improved earnings potential. The firm also set a price target of $175 per share. At the time of the upgrade, HLI shares were up by approximately 1.90% at $127.92 during morning trading on Friday. The rating change reflects increased confidence in Houlihan Lokey's financial performance and future earnings potential. The firm appears to believe that current market conditions or internal improvements are likely to drive stronger results for the company, justifying a more optimistic outlook than previously held.
