Morgan Stanley Maintains Underweight on Moelis, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ryan Kenny maintains an Underweight rating on Moelis & Company (NYSE:MC) and lowers the price target from $67 to $66.
October 24, 2024 | 4:53 pm
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Morgan Stanley has maintained an Underweight rating on Moelis & Company and slightly lowered the price target from $67 to $66, indicating a cautious outlook.
The Underweight rating suggests that Morgan Stanley expects Moelis & Company to underperform relative to the market. The slight reduction in the price target from $67 to $66 indicates a marginally more pessimistic view on the stock's potential, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100