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PJT Partners (NYSE:PJT) released second-quarter financial results and hosted an earnings call on Tuesday. Read the complete transcript below. Benzinga APIs provide real-time access to earnings call transcripts and
Houlihan Lokey reports rising private credit stress concentrated among smaller borrowers, with sub-$100M EBITDA companies posting 3% default rates by loan value. The $10M-$20M EBITDA segment shows the most weakness, with 12% of loans trading below 90% of par versus 1% in 2023. Larger borrowers remain healthier, and overall fundamentals remain supportive with median revenue growth of 6.5% and EBITDA growth of 7.4%.
BMO Capital analyst Brennan Hawken maintains PJT Partners (NYSE:PJT) with a Outperform and raises the price target from $183 to $194.