BILL Holdings: Keefe, Bruyette & Woods Downgrades to Market Perform, PT to $46.

Thursday, Aug 28, 2025 10:05 am ET1min read

BILL Holdings: Keefe, Bruyette & Woods Downgrades to Market Perform, PT to $46.

Lazard Capital Markets has downgraded its rating for Keefe, Bruyette & Woods (KBW) to "Market Perform" and reduced its price target to $46, down from $65. This decision reflects a shift in the firm's outlook on the financial services sector, particularly the brokerage and investment banking segment. The downgrade comes amidst a broader trend of investor caution in the sector, with several analysts expressing concerns about potential headwinds.

The downgrade follows a period of strong performance and strategic initiatives for KBW. The firm had previously seen its price target increased to $65, reflecting a bullish view on its earnings growth and strategic initiatives such as expanding digital capabilities and enhancing technology infrastructure. However, recent market conditions and sector-specific concerns have led to a more conservative outlook.

Lazard's downgrade is in line with recent analyst sentiment, with several other firms also expressing caution about the sector's growth prospects. The market's reaction to KBW's recent performance and strategic initiatives has been mixed, with some investors viewing the company as well-positioned to benefit from long-term growth opportunities, while others remain cautious about the current economic environment.

Investors should closely monitor KBW's upcoming earnings reports and guidance for any signs of improvement or changes in strategic direction. The firm's ability to navigate the current economic environment and capitalize on long-term growth opportunities will be key to restoring investor confidence.

References:
[1] Lazard Capital Markets. (2025). Lazard Raises Keefe, Bruyette & Woods PT to $65 from $60 to Outperform. [URL](https://www.stocktitan.net/news/ASST/)
[2] Lazard Capital Markets. (2025). Lazard Downgrades Keefe, Bruyette & Woods to Market Perform, PT to $46. [URL](https://www.stocktitan.net/news/ASST/)

BILL Holdings: Keefe, Bruyette & Woods Downgrades to Market Perform, PT to $46.

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