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Stock Market & Financial Investment News

News Breaks
October 25, 2012
07:13 EDTLAZLazard says implementing cost savings initiatives
The company says "“We are implementing cost saving initiatives to reduce the firm’s expense base and enhance our operating leverage. These include streamlining our support functions and eliminating investments in areas of low return. We expect these initiatives to result in approximately $125 million in annual savings from our existing cost base, with related implementation expenses primarily in the fourth quarter of this year. We believe these initiatives will improve profitability with minimal impact on Lazard’s revenue growth."
News For LAZ From The Last 14 Days
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December 12, 2014
10:01 EDTLAZOn The Fly: Analyst Upgrade Summary
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05:41 EDTLAZLazard upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Lazard to Outperform with a $57 price target citing an improved outlook for 2015.

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