- Moelis & Company ( NYSE: MC ) shares are slipping 1.9% in Wednesday premarket trading after UBS downgraded the investment banking advisory firm to Neutral from Buy.
- UBS pointed to Moelis' ( MC ) deteriorating public mergers and acquisitions pipeline, "and setting the company up for difficult comps over the next few prints," UBS wrote in a note to clients.
- In order to reverse the nearly 35% YTD slump in shares of Moelis ( MC ), it needs to see improvement in its public deal pipeline alongside greater contribution from its other business segments such as private funds advisory or restructuring, the note said.
- SA's Quant Rating had already warned investors in March that Moelis ( MC ) is at high risk of performing badly due to decelerating momentum and negative EPS revisions.
- And while the Quant system screens MC as a Sell , the Average Wall Street analyst views the stock as a Hold .
- Take a look at how Moelis fared during the first quarter .
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Moelis stock edges down after UBS points to weaker M&A pipeline