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Fly News Breaks for April 30, 2019
GHL
Apr 30, 2019 | 06:47 EDT
Keefe Bruyette analyst Michael Brown downgraded Greenhill & Co. to Underperform from Market Perform and lowered his price target for the shares to $23 from $23.50. Lower than expected advisory revenues and higher than expected expenses brought a "double-whammy" in Q1, Brown tells investors in a post-earnings research note. The analyst reduced his estimates and sees uncertainty ahead.
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