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Moelis & Company Shares Soar 11.15% After Morgan Stanley Downgrade

Generated by AI AgentAinvest Movers Radar

Wednesday, Apr 9, 2025 7:01 pm ET1min read

Moelis A(MC) shares surged by 11.15% today, marking a significant rebound after hitting its lowest level since April 2024, with an intraday decline of 3.81%.

Morgan Stanley recently revised its price target for Moelis & CompanyMC-- (NYSE:MC) from $70.00 to $42.00, and assigned an "underweight" rating to the company. This downgrade and the substantial reduction in the target price could be a key factor influencing the stock price of Moelis & Company.

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