Morgan Stanley Maintains Underweight on Moelis, Raises Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny maintains an Underweight rating on Moelis (NYSE:MC) but raises the price target from $61 to $67.
September 23, 2024 | 5:11 pm
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Morgan Stanley has maintained an Underweight rating on Moelis but increased the price target from $61 to $67, indicating a slightly more positive outlook.
The Underweight rating suggests a cautious stance, but the raised price target indicates some positive expectations. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100