Morgan Stanley Maintains Underweight on Moelis, Raises Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny has maintained an 'Underweight' rating on Moelis (NYSE:MC) and raised the price target from $29 to $39.
July 12, 2023 | 1:33 pm
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Morgan Stanley has maintained an 'Underweight' rating on Moelis and raised the price target from $29 to $39.
While the raised price target indicates a positive outlook, the 'Underweight' rating suggests that Morgan Stanley believes Moelis is overvalued compared to other stocks in the market. This could lead to a neutral impact on the stock's price in the short term.
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