JP Morgan Maintains Neutral on Moelis, Raises Price Target to $57
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Kenneth Worthington maintains a Neutral rating on Moelis & Company (NYSE:MC) and raises the price target from $46 to $57.
February 08, 2024 | 9:24 pm
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JP Morgan has maintained a Neutral rating on Moelis & Company but increased the price target from $46 to $57.
The increase in price target by a reputable analyst like Kenneth Worthington from JP Morgan suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90