Lincoln International jumps after strong first quarterly results as public company

Lincoln International

06/08/2026 15:34

Updates
** Investment bank Lincoln International's LCLN.N shares gain 14.4% to $23.75 after strong first quarterly results as a public company 
** LCLN reports Q2 adj. EPS of 26 cents, well above Wall Street estimates of 13 cents, per LSEG-compiled data
** Investment banking advisory revenue soared 56% to $177.7 million from a year ago
** In Q2, LCLN used portion of IPO proceeds to repay about $195.8 million of debt tied to MarshBerry acquisition 
** "Sentiment heading into today's print wasn't especially bullish given concerns around sponsor middle-market M&A. We'd expect shares to trade well today if management backs up the strong headline results with conviction on the 2H26 ramp and the state of their deal backlog" - Evercore analyst Benjamin Rubin
** Three of seven analysts rate stock "strong buy" or "buy" and four "hold"; median PT $27 - data compiled by LSEG
** As of last close stock, LCLN up 3.7% since its May IPO 

 (Reporting by Pragyan Kalita and Arasu Kannagi Basil in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))