UBS Maintains Sell on Moelis, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Brennan Hawken maintains a Sell rating on Moelis (NYSE:MC) and raises the price target from $29 to $30.
October 03, 2023 | 4:49 pm
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UBS maintains a Sell rating on Moelis and raises the price target to $30.
The news directly pertains to Moelis (MC) as UBS maintains a Sell rating on the company. This suggests that UBS believes the stock is overvalued or is expected to underperform, which could negatively impact the stock price. However, the raised price target from $29 to $30 indicates a slightly more positive outlook than before.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100