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Fly News Breaks for July 31, 2019
MC
Jul 31, 2019 | 04:45 EDT
Keefe Bruyette analyst Michael Brown downgraded Moelis & Co. to Market Perform from Outperform and lowered his price target for the shares to $39 from $42. While the company's Q2 beat on expenses, expectations for the second half of 2019 are too high, Brown tells investors in a post-earnings research note.
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