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Despite strong earnings, Morgan Stanley lowers Moelis & Company's price target to $70.00.
Morgan Stanley has reaffirmed its "underweight" rating for Moelis & Company (MC), lowering its price objective to $70.00.
Despite this, Moelis & Company reported strong earnings of $1.18 per share for the quarter, beating analysts' estimates by $0.79.
The stock has a mixed outlook from analysts, with a consensus "Hold" rating and a consensus price target of $78.83.
Institutional ownership stands at 91.53%, while individual investors hold 6.4%.
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A pesar de los fuertes ingresos, Morgan Stanley reduce el objetivo de precio de Moelis & Company a $70.00.