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Moelis (MC) Gets a Hold Rating from J.P. Morgan

In a report released yesterday, Ken Worthington from J.P. Morgan maintained a Hold rating on Moelis (MCResearch Report), with a price target of $52.00. The company’s shares closed last Thursday at $45.02.

According to TipRanks.com, Worthington is a 3-star analyst with an average return of 0.9% and a 50.5% success rate. Worthington covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Victory Capital Holdings, and Janus Henderson Group.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Moelis with a $43.60 average price target, which is a -2.2% downside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a $43.00 price target.

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The company has a one-year high of $77.49 and a one-year low of $37.16. Currently, Moelis has an average volume of 594.1K.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.

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Moelis & Co. operates as a holding company. It engages in the provision of financial advisory, capital raising, and asset management services to a client base including corporations, governments, and financial sponsors. It focuses on clients from large public multinational corporations to middle market private companies to individual entrepreneurs. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich, and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.

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