Lazard: Liability Management Pickup, Markets Equilibrating
LAZLazard(LAZ) seekingalpha.com·2024-05-17 16:01

Pgiam/iStock via Getty Images Lazard, Inc. (NYSE:LAZ) is one of the companies we cover in the financial advisory space, where last time we focused on their relatively cautious tone but generally resilient performances. We like their value and think that their advisory business tends to be poorly recognized in the stock market, despite how well recognized its brand is. Liability management activity is clearly up, and even without additional distress it should continue to grow thanks to maturity walls. Hardco ...