** Shares of investment bank Houlihan Lokey HLI.N rise as much as 3.8%; last up 2.3% at $157.96 in afternoon trade
** Wells Fargo Securities upgrades HLI to "overweight" from "underweight", according to data compiled by LSEG
** Stock outperforms rival U.S. investment banks
** Three of nine brokerages rate the stock "buy", four "hold" and two "sell" or lower; with a median PT of $196.50
** HLI stock down 8.9% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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