A return to deal-making on Wall Street suggests there's a buying opportunity in financial advisory firm Lazard , Morgan Stanley said. Analyst Ryan Kenny upgraded Lazard to overweight from equal weight and raised his price target, saying it's poised to benefit from growing merger and acquisition activity. Time to be nimble and get ahead of it," Kenny wrote Wednesday. LAZ 1D mountain Lazard shares 1-day Lazard shares are underperforming this year, down more than 1%. The analyst's $43 price target, raised from $36, is 31% above where shares closed Tuesday.

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Persons: Lazard, Morgan Stanley, Ryan Kenny, it's, Kenny, Michael Bloom Organizations: Advisors, Lazard