Moelis & Company (NYSE:MC) Stock Rating Lowered by The Goldman Sachs Group

Moelis & Company (NYSE:MC – Get Rating) was downgraded by analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Wednesday, reports. They presently have a $37.00 price objective on the asset manager’s stock, down from their previous price objective of $40.00. The Goldman Sachs Group’s price target would indicate a potential downside of 15.70% from the stock’s previous close.

MC has been the topic of a number of other reports. began coverage on shares of Moelis & Company in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. UBS Group dropped their target price on shares of Moelis & Company from $32.00 to $30.00 and set a “sell” rating on the stock in a report on Monday. Keefe, Bruyette & Woods cut shares of Moelis & Company from a “market perform” rating

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