Goldman Sachs Upgrades Moelis to Neutral, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst James Yaro upgraded Moelis & Company (NYSE:MC) from Sell to Neutral and increased the price target from $53 to $58.

March 13, 2024 | 8:54 am
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POSITIVE IMPACT
Goldman Sachs upgraded Moelis & Company from Sell to Neutral and raised the price target from $53 to $58.
Upgrades by major financial institutions like Goldman Sachs typically lead to positive short-term price movements for stocks. The upgrade from Sell to Neutral suggests a more favorable outlook on MC's stock, potentially leading to increased investor confidence and demand. The raise in price target further supports this positive sentiment, indicating an expectation of higher future stock prices.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90