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Fly News Breaks for May 4, 2015
MC
May 4, 2015 | 07:24 EDT
After meeting with Moelis' senior management, JMP Securities says the decline in the stock following the company's earnings was unwarranted. The firm says it is more optimistic after its meetings, and it thinks the market ignored positive comments by the company's management following the earnings. JMP Securities believes that the company's results could beat expectations going forward, and it reiterates a $38 price target and Outperform rating on the shares.