Morgan Stanley lowered the firm’s price target on Moelis (MC) to $83 from $90 and keeps an Overweight rating on the shares. The firm expects midcap advisor management teams to express cautious optimism amid recent volatility, but comp ratios could disappoint as managements await clarity on the full-year revenue environment, the analyst tells investors in a preview for the group.
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Read More on MC:
- Moelis price target lowered to $58 from $59 at UBS
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- Moelis price target lowered to $62 from $70 at Goldman Sachs
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