Houlihan Lokey Earns BofA Buy Rating, Targeting 20% Upside on Restructuring Strength

BofA Securities initiated coverage on Houlihan Lokey Inc. (HLI) with a Buy rating. The firm established a price target of $164.00. This target represents a 20% upside from current trading levels.

Analysts view the recent stock pullback as an attractive entry point. Houlihan Lokey holds a leading position in mid-cap transaction advisory. The company’s restructuring business provides defensible earnings, contributing 20% of total revenue.

The positive outlook follows a fiscal fourth-quarter earnings miss. In a separate move, the firm appointed Dan Buffery as Managing Director in its Capital Solutions Group. Buffery will focus on advisory services for the growing GP-led secondary market.