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Fly News Breaks for September 8, 2015
MC
Sep 8, 2015 | 06:23 EDT
Credit Suisse upgraded Moelis to Neutral and lowered its price target to $28 from $29. The firm said Moelis compensation margin headwinds are better understood and estimates are more reflective of the current environment. Credit Suisse said the company has made investments to address weak spots in Europe, Energy, and size of non-MD population and the restructuring business provides downside protection.
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