Goldman Sachs Maintains Sell on Moelis, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst James Yaro has maintained a Sell rating on Moelis & Company (NYSE:MC) but increased the price target from $41 to $47.
December 19, 2023 | 1:07 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Moelis & Company but raises the price target from $41 to $47.
The maintenance of a Sell rating suggests a negative outlook on the stock, indicating that Goldman Sachs believes the stock may underperform. However, the increase in the price target could imply that the downside may not be as significant as previously thought, or that the overall market conditions have changed, potentially leading to a less negative short-term impact than a Sell rating would typically suggest.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100