Houlihan Lokey (HLI) Stock Is Up, What You Need To Know

Shares of investment banking firm Houlihan Lokey (NYSE:HLI) jumped 4.1% in the afternoon session after Citizens upgraded the stock to Outperform from Market Perform with a $175 target price. According to TipRanks, Citizens said the shares trade well below their historical valuation and that the outlook is strengthening in financial restructuring and in financial and valuation advisory. The firm said backlog and new business hit records in the second quarter, activity has improved each month sinc