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Fly News Breaks for October 10, 2017
GHL
Oct 10, 2017 | 08:11 EDT
Sandler O'Neill analyst Jeffery Harte downgraded Greenhill & Co. to Hold from Buy saying his estimates look optimistic after transaction announcements remained "disappointingly weak" for a third consecutive quarter. The analyst believes a "significant rebound" in transaction announcements will be necessary to support Greenhill's current share price. He cut his price target for the shares to $18 from $29.
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