Keefe, Bruyette & Woods Reports Greenhill 2011 Forecasts Unchanged

According to Keefe, Bruyette & Woods, Greenhill & Co GHL 2011 forecast is unchanged. Keefe, Bruyette & Woods said that despite 1Q11 EPS beat, it is leaving its 2011 forecast unchanged at $1.15 as it has tempered its quarterly est. upon further review and pipeline visibility. “We are also revising our 2012 EPS forecast to $2.65 from $3.10 to reflect more conservative revenue growth assumptions until we see increased momentum from the revenue ramp up from new hires. Price target declines to $58 from $68, maintain MP rating at this time.” Greenhill & Co closed yesterday at $57.23.