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Moelis (MC) Receives a Hold from J.P. Morgan

Tipranks - Tipranks - Fri Feb 6, 6:26AM CST

J.P. Morgan analyst Ken Worthington maintained a Hold rating on Moelis today and set a price target of $81.00.

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Worthington covers the Financial sector, focusing on stocks such as Franklin Resources, Federated Hermes, and Invesco. According to TipRanks, Worthington has an average return of 3.3% and a 52.32% success rate on recommended stocks.

In addition to J.P. Morgan, Moelis also received a Hold from TipRanks – xAI’s xAi Financial – Capital Markets in a report issued yesterday. However, on the same day, TipRanks – PerPlexity reiterated a Buy rating on Moelis (NYSE: MC).

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Based on Moelis’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $356.89 million and a net profit of $53.37 million. In comparison, last year the company earned a revenue of $273.76 million and had a net profit of $16.89 million

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