, Columnist
Keep Calm and M&A Will Carry On
There are some benefits to a slowdown, actually.
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M&A wasn't going completely gangbusters even before Brexit threw the world order a curve ball -- but unless you're a banker, that's not such a bad thing.
A report out of Goldman Sachs's equity research department Wednesday said there's increasing risk that the M&A cycle has already peaked, and so the analysts downgraded most of the boutique banks they cover to a "neutral" rating.1467204465720 These stocks, which include the likes of Lazard and Moelis, had already staged a massive selloff post-Brexit because market volatility is one of the biggest threats to their line of business.