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Fly News Breaks for August 21, 2017
GHL
Aug 21, 2017 | 07:30 EDT
UBS analyst Brennan Hawkin lowered his price target on Greenhill & Co. to $9 from $17 as he believes consensus estimates are at risk. The analyst lowered his estimates and noted the shares are trading at a premium to its group despite struggling to grow revenues, having a very weak pipeline, and a highly leveraged balance sheet which puts its dividend at risk. Hawkin reiterated his Sell rating on Greenhill & Co. shares.
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