Wells Fargo Initiates Coverage On Moelis with Equal-Weight Rating, Announces Price Target of $70
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has initiated coverage on Moelis & Company with an Equal-Weight rating and set a price target of $70.
September 12, 2024 | 1:41 pm
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NEUTRAL IMPACT
Wells Fargo has initiated coverage on Moelis & Company with an Equal-Weight rating and a price target of $70, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that Wells Fargo sees Moelis & Company's stock as fairly valued at current levels. The price target of $70 aligns with this neutral stance, indicating no significant upside or downside expected in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100