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Fly News Breaks for December 7, 2018
GHL
Dec 7, 2018 | 08:53 EDT
As previously reported, Sandler O'Neill analyst Jeffery Harte upgraded Greenhill & Co. to Buy from Hold after recently having met with CEO Scott Bok, who expressed a positive tone on the outlook for overall M&A activity levels and Greenhill's market share gain potential. Harte, who said "Bok sounds as positive as we have heard him since summer of 2016," raised his Q4 and 2019 EPS estimates to reflect a stronger than expected pace of both closings and announcements in Q4 to-date. He has a $28 price target on Greenhill & Co. shares.
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