UBS Maintains Sell Rating for Moelis: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Sell rating for Moelis (NYSE:MC) and increased its price target from $29.00 to $30.00. The new price target represents a 31.91% decline from the current share price of $44.06. Moelis is an independent investment bank that generates most of its revenue from the United States.
October 03, 2023 | 5:00 pm
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UBS has maintained its Sell rating for Moelis and raised its price target, indicating a potential decline in the stock's price.
The maintained Sell rating and increased price target from UBS suggest that the firm expects Moelis' stock price to decline. This could potentially lead to a sell-off among investors, negatively impacting the stock's price in the short term.
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