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flag Despite strong earnings, Morgan Stanley lowers Moelis & Company's price target to $70.00.

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

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