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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100