Lazard downgraded to Market Perform from Outperform at Keefe Bruyette Keefe Bruyette downgraded Lazard citing valuation and keeps a $33 price target for shares.
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Lazard Capital Markets weighing options, including sale, Bloomberg reports Lazard Capital Markets is the privately-held brokerage spun-off by Lazard Ltd. in 2005.
Lazard volatility at record low Lazard overall option implied volatility of 21 is below its 26-week average of 26 according to Track Data, suggesting decreasing price movement