Greenhill was Upgraded to a Hold Rating at KBW

By Carrie Williams

In a report released yesterday, Ann Dai from KBW upgraded Greenhill (NYSE: GHL) to Hold, with a price target of $22. The company’s shares closed yesterday at $21.05.

According to, Dai is a 3-star analyst with an average return of 6.9% and a 66.7% success rate. Dai covers the Financial sector, focusing on stocks such as Raymond James Financial, Evercore Partners Inc, and Brookfield Asset Mng.

Greenhill has an analyst consensus of Moderate Sell, with a price target consensus of $21.50.

Based on Greenhill’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $56.93 million and GAAP net loss of $746K. In comparison, last year the company earned revenue of $66.87 million and had a net profit of $4.36 million.

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Greenhill & Co., Inc. is an independent investment bank, which engages in the provision of financial advice globally on significant mergers, acquisitions, restructurings, financings, and capital advisory to corporations, partnerships, institutions, and governments. It objective is to provide un-conflicted advice on a wide range of transactions, within and between markets all around the world. The company was founded by Robert F. Greenhill in January 1996 and is headquartered in New York, NY.