Lazard

Lazard believes the fair value of Alkermes (NASDAQ: ALKS) is $25/share.

African nation Ivory Coast said it is unable to make debt payments for the rest of the year, and is seeking “a complete reassessment” of $2.3 billion of Eurobonds. The move stems from the massive fighting the country has seen since the election. Civil war broke out in the country former...

According to Citi, Lazard (NYSE: LAZ) Hold rating is reiterated. Citi said that, given slowing announced M&A volumes, macro weakness, and lower global equity markets, we trim our LAZ ests for 2011 by $0.25 to $2.25 (vs cons of $2.47), 2012 by $0.35 to $2.75 (vs cons of $3.07) and 2013 by $0.45...

Citigroup has lowered the price target on Lazard (NYSE: LAZ) from $47 to $42 and maintains its Hold rating.

KBW is out with its report today on Lazard (NYSE: LAZ), reiterating Outperform. In a note to clients, KBW writes, "LAZ shares are down 8.4% MTD and trade at just 15.6x our 2011E & less than 12x 2012E; we strongly reiterate our Outperform rating and $52 SOTP price target. There have been 14...

Best 1) Amarin Corporation (NASDAQ: AMRN): Trading up 79% from Friday's close to $15.70. A positive phase III trial of the company's main product has shares vaulting this morning. The drug, AMR101, significantly lowered triglycerides without causing a rise in “bad” cholesterol. 2) Identive Group...

KBW reports that Lazard Ltd. (NASDAQ: LAZ) has booked approximately $110 mil. in advisory revs QTD and “we estimate that there is a minimum of $60 mil. still to be recognized by 3/30/11.” KBW is maintaining its $52 PT and Outperform rating on shares of Lazard, which closed Wednesday at $39.52.

Shares of CommVault Systems, Inc. (NASDAQ: CVLT) are higher on the day as Lazard is out with some positive comments on the stock. It has a Buy rating, as well as a $27 price target on shares of CommVault. In the report Lazard notes, "Multiple catalysts argue for upside from current levels; thesis...

Lazard Capital Markets has issued a Buy recommendation for TJX Companies (NYSE: TJX) with a price target of $46 (Current price: $37.26). Lazard noted that TJX was an absolute and relative standout among its peer group and was tied with Ross Stores, Inc. (NASDAQ: ROST). TJX is an every day low-...

Lazard downgrades several retailers this morning. Lazard downgraded Saks (NYSE: SKS), American Eagle (NYSE: AEO), Callaway Golf (NYSE: ELY), Jones Apparel (NYSE: JNY), True Religion (NYSE: TRLG), Warnaco (NYSE: WRC) and Quiksilver (NYSE: ZQK). Lazard downgraded all of these including SKS, AEO, ELY...