** Investment bank PJT Partners' shares rise 1.9% to $164.35
** UBS upgrades PJT to "neutral" from "sell"; raises PT to $175 from $130, an 8.5% upside to stock's last close
** Brokerage says boutique investment banks such as PJT have substantial potential for revenue growth as capital markets improve and number of dealmakers increase
** Consensus forecasts look too low for PJT, which makes it hard to argue for stock underperformance - UBS
** Brokerage says PJT is well positioned to capture greater market share because its focus is on large-cap deals and ~90% of its revenue is domestic
** One of six brokerages rate the stock "buy", three "hold" and two "sell" or lower; median PT $150 - LSEG data
** As of last close, PJT shares up 58.3% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.