Morgan Stanley Maintains Underweight on Moelis, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny has maintained an 'Underweight' rating on Moelis (NYSE:MC) and lowered the price target from $39 to $38.
November 03, 2023 | 1:03 pm
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Morgan Stanley has maintained an 'Underweight' rating on Moelis and lowered the price target, which could negatively impact the stock's performance.
The 'Underweight' rating maintained by Morgan Stanley indicates a negative outlook for Moelis. The lowering of the price target from $39 to $38 suggests that the analyst believes the stock is overvalued at its current price, which could lead to a decrease in the stock's price.
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IMPORTANCE 80
RELEVANCE 100