Keefe Bruyette upgraded Moelis (MC) to Outperform from Market Perform with a price target of $86, up from $71. The firm says that despite recent volatility, with credit spreads widening off of 17-year lows, it expects a constructive economic backdrop in 2025 with durable growth and relatively benign credit. Keefe shifted its preferences in the merger and acquisition independents space, with a downgrade of Lazard and upgrades of Evercore and Moelis.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MC:
- Jefferies Financial upgraded to Overweight from Equal Weight at Morgan Stanley
- Moelis upgraded to Overweight from Underweight at Morgan Stanley
- Evercore price target raised to $400 from $308 at Morgan Stanley
- Moelis Reports Revenue Growth and Strong Financial Position
- Moelis reports Q3 adjusted EPS 22c, consensus 21c