Keefe, Bruyette & Woods Reinstates Market Perform on Moelis, Announces $56 Price Target
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Michael Brown has reinstated coverage on Moelis & Company with a 'Market Perform' rating and set a price target of $56. The firm had previously not been covering the stock but has now resumed its analysis.

January 29, 2024 | 11:31 am
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Keefe, Bruyette & Woods analyst Michael Brown reinstated coverage on Moelis & Company with a 'Market Perform' rating and a $56 price target, indicating a neutral outlook on the stock.
The reinstatement of coverage by Keefe, Bruyette & Woods with a 'Market Perform' rating suggests a neutral stance on Moelis & Company's stock. The $56 price target provides a specific expectation for the stock's future performance. As this is a direct analyst rating with a clear price target, it is highly relevant and important for investors. The confidence in the impact is high due to the direct nature of analyst ratings on stock performance, although market conditions and other external factors could influence the stock's movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100