Citizens reiterates Lazard stock rating citing strong forward indicators
Citizens maintained its Market Outperform rating and $60.00 price target on Lazard (NYSE:LAZ) after its Q3 2026 results. Lazard reported adjusted EPS of $0.36, below estimates, and revenue of $805M, up 11% YoY but below expectations. Shares have fallen 21% YTD. Goldman Sachs raised its price target to $35 but kept a Sell rating, citing expense management. Lazard's dividend yield is 5.36%.
How this was made
The 30-second read
Why it matters
The earnings miss may trigger short-term selling, but the stable rating and dividend yield could support the stock.
Market read
First disclosure of Lazard's Q3 2026 earnings miss, providing fresh data for traders to assess short-term price impact.
What to watch
Fourth-quarter fee timing could improve results, and the 5.36% dividend yield may attract income-focused investors.
Background
Lazard (NYSE:LAZ) is a global financial advisory and asset management firm. The article reports its Q3 2026 earnings and analysts' reactions.
Ticker impact
Citizens maintained its Outperform rating and $60 price target after Lazard reported Q3 2026 earnings that missed estimates.
downward pressure as the market prices in the earnings miss and revenue shortfall
The miss on EPS ($0.36 vs $0.45 est) and revenue ($805M vs $869M est) are material and were first disclosed in this article.
Market effects
Potential drag on the financial advisory and asset management sector as peers may face similar earnings pressures.
Limited to U.S. markets; no broader regional effect noted.
Modest, primarily affecting investors tracking mid-cap advisory firms.
Counterpoint
Citizens' continued Outperform rating suggests belief in a rebound, offering a possible buying opportunity on dip.
Key entities
- analystCitizens
Maintained Market Outperform rating and $60 price target for Lazard.
- analystGoldman Sachs
Raised price target to $35 from $32 despite a Sell rating.
